Owning rental property in Calgary can be a smart investment—but when tax season rolls around, it often brings more questions than answers. At Tax Headaches, we specialize in making sense of CRA rental income Calgary rules so you don’t get stuck in a tangle of tax stress.
Whether you’re renting out your basement suite, an Airbnb, or an entire property, the Canada Revenue Agency (CRA) expects you to report that income—and they’re not known for giving second chances when mistakes happen.
What Counts as Rental Income?
If you’re earning money from a property you own—long-term tenants, short-term stays, even friends paying you rent—it counts as rental income in the eyes of the CRA. And yes, even that Airbnb you only rented out during Stampede week needs to be reported.
Common Mistakes Calgary Landlords Make:
Forgetting to declare part-time or seasonal rentals
Missing eligible deductions (like property taxes, repairs, and utilities)
Not keeping proper receipts or documentation
Misclassifying rental income as business income or vice versa
How Tax Headaches Can Help
Let’s be honest—navigating CRA requirements isn’t most people’s idea of a good time. That’s where we come in. At Tax Headaches, we take the stress out of rental income reporting. We’ll help you:
Maximize your deductions
Stay CRA-compliant
Avoid costly penalties
Plan smarter for next tax season
We’re based right here in Calgary, and we understand the local market, real estate trends, and tax nuances that matter to you.
Final Thoughts
Your property should be working for you—not against you when tax time hits. Whether you’re new to renting or a seasoned landlord, Tax Headaches is here to help you keep more of your income and stay in good standing with the CRA.
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