CRA-Compliant Financial Reports for Canadian Landlords

Tenant Buddy automatically categorizes rental income and expenses using CRA Form T776 line item codes. The T776 report shows total rental income (Line 8141), property taxes (Line 9180), insurance (Line 9200), interest on mortgages (Line 8710), repairs and maintenance (Line 9281), utilities (Line 9270), and all other required categories. This makes tax preparation much faster. Simply transfer totals from the report to your T776 form or give the report to your accountant.

Yes, all reports can be filtered by individual property, multiple selected properties, or your entire portfolio. This is useful when you need property-specific financials for loan applications, partnership accounting, or when different properties are owned by different entities (personal vs. corporate ownership).

A rent roll is a comprehensive report listing all properties, units, tenants, lease terms, and monthly rent amounts. Lenders require rent rolls when refinancing or getting mortgages on rental properties. Buyers request rent rolls when purchasing multi-unit properties. Tenant Buddy generates professional rent rolls in seconds showing current occupancy, lease expiry dates, and total monthly rental income.

Yes, all reports can be downloaded as PDF (for professional presentation) or Excel (for further analysis). Accountants often prefer Excel exports so they can import data into their tax software. You can generate year-end reports and email them directly to your accountant for T776 preparation.

AR aging reports categorize outstanding rent by how long it's been overdue: current, 1-30 days late, 31-60 days late, 61-90 days late, and 90+ days late. This helps you identify which tenants are falling behind on rent early, so you can send payment reminders, arrange payment plans, or start eviction proceedings under provincial tenancy laws before balances become uncollectible.

A trial balance shows all general ledger account balances at a specific point in time, with total debits equaling total credits. This verifies that your accounting is balanced and accurate. Trial balance reports are useful before closing accounting periods, preparing financial statements, or when your accountant is reviewing your books for tax preparation or audits.

Yes, transaction detail ledgers show every individual transaction including date, type (payment, invoice, expense), description, property, unit, tenant, amount, and running balance. This complete audit trail is essential for CRA compliance and helpful when investigating discrepancies or responding to tenant questions about their account.

Vacancy reports track which units are vacant, how long they've been vacant, and how much rental income you're losing. High vacancy rates or long vacancy periods indicate problems with pricing, marketing, property condition, or tenant screening. The report helps you identify units with turnover issues so you can address the root causes and minimize lost income.