STATEMENT OF NET RENTAL INCOME
         
Name _______________________________
  
S.I.N. _________________
  
Year _______
         
Rental income for the year or indicate period   __________ (year)   __________________ (period)
         
Expenses:        
         

Advertising

   __________    

Insurance

   __________    

Interest

   __________    

Repairs and maintenance

  __________    

Management and Administration fees

  __________    

Motor vehicle expenses

  __________    

Office expenses

  __________    

Legal, Accounting or other professional fees

  __________    

Property taxes

  __________    

Salaries, wages and benefits

  __________    

Travel

   __________    

Utilities

   __________    

Other (please specify): _______________

   __________    
         
If you purchased a new rental property during the year, it is extremely important that you provide the following:

1. Full address
2. Cost (before GST) of the building (you should also provide the cost of the land, separately)
3. Percentage to be attributed to yourself, or other
4. If available, please provide the purchase documents
         
If this is your first year preparing your taxes with our firm, it is extremely important that we have a copy of your rental statements for the prior year.