Open Reports, set the date range to the tax year, and download either the financial summary PDF or the CSV. With your country set to Canada, the PDF is headed for the T776, Statement of Real Estate Rentals, and breaks income and costs down property by property.
To be precise about what you get: this is clean, categorized source data for the T776, not a completed T776. You or your accountant still fill the form.
What the summary contains
Per property: rent collected, mortgage, landlord-paid utilities, expenses, maintenance (mirrored from completed jobs), and net cashflow. With more than one property, a portfolio total is added on top.
The CSV is the granular version: one row per transaction with date, type, property, tenant, category, amount, method, and note. It covers payments, utilities, expenses, and maintenance, and it works for any country. If your accountant wants to re-sort the year their own way, send them the CSV.
Before you export
Fix the gaps first, because the report is only as complete as the entries behind it.
- Check every month has the rent you actually collected recorded against it.
- Confirm expenses are attached to the right property, especially a bill that covered two buildings.
- Look for a property showing uncollected rent you know was paid, and add the missing payment.
What to do in ProperLease
- Set your country to Canada on the Account page. This is what selects the T776 framing.
- Open Reports.
- Set the date range. There is a Last year preset for exactly this job.
- Optionally filter to a single property.
- Download the PDF summary for your accountant, or the CSV for the line-by-line detail.
The first report you download on the Free plan is free and carries a Free plan watermark. Further exports are a Premium feature.
Filing requirements change. Use this as organized source data and confirm treatment with a tax professional. See landlord tax prep in Canada: the T776 explained.
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