Bookkeeping and Taxes

Export year-end tax reports

Produce an income, expense, and cashflow summary aligned to the T776 in Canada and Schedule E in the US, broken down by property, ready before your accountant asks.

Last updated August 6, 20262 min read

Tax season is only painful when the records are scattered. If you have logged rent and expenses through the year, the report is already written. This page shows how to pull it.

Open Reports

Open Reports and choose the Year. ProperLease produces:

  • Net for the year: total collected minus total expenses.
  • Collected vs expected rent: what came in against what was owed, so uncollected rent is visible.
  • A by property breakdown: income, expected rent, expenses, and net for each building or unit.
The ProperLease reports screen showing net income and a per property breakdown for the year
Year end income, expenses, and cashflow, organized by property and aligned to tax categories.

Aligned to the form you file

The categories are organized to match the form you actually file.

You fileWhereProperLease aligns to
T776, Statement of Real Estate RentalsCanadaGross rents and the standard expense lines
Schedule E, Form 1040United StatesRental income and the Schedule E expense categories

Because expenses were tagged deductible and attached to a property during the year, they land in the right line without re sorting a pile of receipts.

Hand it to your accountant

  1. Select the tax year in Reports.
  2. Review the by property breakdown for anything that looks off, such as a month with no rent recorded.
  3. Export the summary and send it to your accountant, or use it to fill the form yourself.
Fix gaps before you export

If a property shows uncollected rent you know was paid, add the missing payment first (see Record rent payments). The report is only as complete as the entries behind it.

What the report does not do

ProperLease organizes income and operating expenses. It does not calculate capital cost allowance (Canada) or depreciation (US), which depend on your cost basis and choices you make with your accountant. The report gives them clean, categorized numbers to work from.

General information, not tax advice

Filing requirements differ by country, province, and state. Use this report as organized source data and confirm the treatment with a tax professional.

Run your rentals with absolute clarity

ProperLease helps self-managing landlords in Canada and the US track rent, generate provincial and state leases, serve notices, and stay tax ready.