Foreign Rental Income

T1
1

Hi, My client has rental income from Pakistan. Where should i enter his information. I am looking for proper form for this entry. Thanks

2

form T776 is the prescribed form

3

Why does TaxCycle require a postal code to be entered for the property address? You can’t even sign off the warning - you have to type something.
Maybe foreign rental income should be reported as foreign non-business income? (on the Foreign Income form?

4

Foreign Rental Properties

  1. Complete the Property outside Canada section, entering the currency, any foreign tax paid and the country name. TaxCycle will automatically apply the exchange rate and use the country name to create any foreign tax credit forms.
  2. Enter the foreign address for the property. The Province list includes US states.
  3. To enter a foreign Postal code, press Ctrl+F2 to override the format. Regardless what you enter in this field, when you EFILE the return, TaxCycle automatically sends taxpayer’s postal code, as this is what the CRA requires.
2 Likes
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Really? Wow. That’s 2 new things I learned today! Thanks @Arliss