Is there a Itc for a pure income rental home. Nothing owing on the home purchased with the intent of increase in value while making income from the rental

Hi there,

You will be required to report the proceeds from the sale of your rental home, for the year when it happens, as a gain or a loss.

Here's some additional information you could use: 
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/how-to-report-sale-of-rental-property/00/927163

Thanks!

Sorry lets go at this a different way, is there an ITC for rental income as a solid portion of our combined income, or is this only applicable for property sold?

Got it, thanks for clarifying that.

Yes, income from rental properties is considered taxable income and needs to be reported.

Here’s more information for you:

https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/income/enter-rental-income-expenses-turbotax/L3DdZkr9I_CA_en_CA

Do let me know if this answers your question(s), or if you’d need additional information. Thanks!