All Investors and rental owners posts

Re: Can I file an income tax report if I only had rental income last year? If yes, how do I do it?

TurboTaxBrenda — Wed, 20 May 2026 14:58:04 GMT

Yes, you can file an income tax return if you had no income and paid rent or had rental income only. Can you please clarify if you owned property that you were renting out or did you rent a place?

Re: I did not flip a house. How do I go back and correct this?

TurboTaxBrenda — Wed, 20 May 2026 14:29:41 GMT

You will need to go back to your tax profile and see where you checked off that you flipped a property and uncheck it.

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Can I file an income tax report if I only had rental income last year? If yes, how do I do it?

rbkaviani — Tue, 19 May 2026 21:21:31 GMT

Re: I did not flip a house. How do I go back and correct this?

olsvar — Mon, 18 May 2026 21:56:33 GMT

I can’t finish filing my return as Turbo Tax is telling me I need to upgrade to TurboTax as I flipped property. I did not. Ho can I go back and file my tax?

Re: my income is more than my husband. To get the most tax return, should the rental income add t...

TurboTaxBrenda — Thu, 14 May 2026 14:36:51 GMT

Whoever owns the building must claim it. If you both own it, then you can split it 50/50. Unfortunately, we can't tell you who it will benefit without seeing your return. You can always enter it on one to see the outcome, then add the 50% to see which one makes more sense for you on how to claim it.

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my income is more than my husband. To get the most tax return, should the rental income add to my income or my husband?

user17774233316 — Wed, 13 May 2026 23:45:08 GMT

Re: if property is rented for 7 months, do I claim, insurance for 7 months, mortgage interest and...

TurboTaxBrenda — Tue, 12 May 2026 14:47:51 GMT

Yes, you can only claim for the months it is rented; only if the place is still being advertised for rent and it's the first year of renting it can you claim mortgage interest and property taxes for the full year.

The Landlord’s Toolbox: A Guide to Claiming Expenses on Rental Properties

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Re: How to go back to filling up the Rental property questions I am not finished yet filling up l...

TurboTaxBrenda — Mon, 11 May 2026 14:47:16 GMT

You can get to Rental Property by going to Income->Rental Properties and continue.

Thank you for choosing TurboTax.

if property is rented for 7 months, do I claim, insurance for 7 months, mortgage interest and property taxes for full year?

abdimohamed3 — Sun, 10 May 2026 18:37:21 GMT

How to go back to filling up the Rental property questions I am not finished yet filling up like the property tax paid etc.?

senydharman — Fri, 08 May 2026 22:41:53 GMT

I am not finished filling up my rental property questionnaire how do I come back to Rental Prpoperty?

Re: can i e-file if deemed resident and have foreign income

TurboTaxBrenda — Thu, 07 May 2026 15:48:14 GMT

You may need to print and mail your return, especially if this is your first tax year in Canada.

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Re: why cant i enter 0 for my Unclaimed Capital Cost?

TurboTaxBrenda — Thu, 07 May 2026 15:05:56 GMT

The UCC is usually carried forward from last year, and that is the amount you need to enter.

Re: where do you add property tax payments?

TurboTaxBrenda — Tue, 05 May 2026 21:12:55 GMT

Are you paying property tax on your home or a home you are renting out? If you own your own home and are not self-employed, you will only enter the property tax paid in the provincial section of your return. Once it asks if you are claiming the grocery rebate/GST/HST tax credit or the Trillium and you say yes, then the next page should ask for your address and how many months you lived there; that asks how much you paid. You will enter your property tax amount, and below will be a drop-down arrow, and you will choose "Property Tax" instead of "rent."

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Re: By error I entered a sale of a flipped house which I didn’t do , it won’t let me continue if ...

TurboTaxBrenda — Tue, 05 May 2026 14:26:52 GMT

You will need to go back to the section where you entered the sale of a flipped house and delete the information entered so that you can continue.

Thank you for choosing TurboTax.

Re: Can I claim more than rent, wifi, and utilities for T2200?

TurboImpotBrenda — Mon, 04 May 2026 21:12:44 GMT

You can only claim what your T2200 shows that you can claim.

Key Deductible Expenses (As Certified by Employer)
Work-Space-in-the-Home Expenses: A proportionate share of electricity, heat, water, and home insurance (if you rent). If you own, you can deduct a portion of utilities and maintenance, but generally not mortgage interest or property taxes.
Office Supplies: Consumable items like pens, paper, and ink cartridges.
Telecommunications: A portion of internet costs and cellphone minutes/data plans.
Motor Vehicle/Travel Expenses: If you travel to meet clients, you may claim fuel, maintenance, and parking.
Professional/Legal Fees: Fees paid for legal advice to get your job or salary

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Re: My Husband sold some RSU's last year and I am not sure how to record this - do I have to reco...

TurboTaxBrenda — Mon, 04 May 2026 17:42:27 GMT

Did you receive the T5008 slips? If so, typically yes.

Locate the Investments Section: In TurboTax, navigate to the Income or Investments tab.
Report T5008/T4PS: Select "Stocks, mutual funds, bonds, and other securities (T5008, T4PS)."
Enter Sale Details:
Description: Name of the company.
Date of Acquisition: Enter "Various" if you had multiple vesting dates.
Date of Disposition: The date you sold the shares.
Proceeds: The total amount received from the sale (sale price x number of shares).
Cost/Book Value: This is your calculated ACB (number of shares x FMV on vesting date).
Confirm Gains/Losses: TurboTax will calculate your net capital gain or loss on Schedule 3.

What do investors need to know about doing taxes?

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can i e-file if deemed resident and have foreign income

faithe-duguay — Mon, 04 May 2026 17:18:25 GMT

I am a teacher on a foreign exchange program.. am i a deemed canadian resident

why cant i enter 0 for my Unclaimed Capital Cost?

tmoxam — Mon, 04 May 2026 15:17:14 GMT

Re: You do not qualify for NetFile Québe despite answering No in NetFile Québec Restrictions

TurboTaxBrenda — Mon, 04 May 2026 14:37:10 GMT

This is great to hear 🙂

My Husband sold some RSU's last year and I am not sure how to record this - do I have to record every one individually as they are different acquired dates?

bennettc — Mon, 04 May 2026 00:44:26 GMT