Renting Out All or Part of Your Property (House or Residential Complex)
If you earn income from renting out all or part of your house or residential complex, you must report it in your income tax return.
To report rental income, you must keep track of your income and expenses the same as a rental property owner does.
If you offer short-term accommodations, make sure you meet the related requirements. For more information, click Short-Term Accommodations.
If you own a house or a residential complex and you rent out an eligible dwelling, you must meet the RL-31 slip obligations.
Change in use
In general, if you start renting out all or part of your house or residential complex, a change in use occurs. We consider there to be a deemed disposition (deemed sale), and you may have to report a capital gain or loss in your income tax return.
For more information, click Change in Use of a Principal Residence or Income-Producing Property.