Canadian landlords tracking rental income and expenses who want to know which expenses are fully deductible now and which are not.
Come funziona
- Name this record, e.g. "123 Oak St - 2026".
- Enter your total rental income for the year.
- List current expenses, one per line as "description, amount".
- List capital expenses the same way - major, lasting improvements, not repairs.
- See the correct net rental income and the gap a full capital deduction would have created.
Cosa ottieni
- Keeps current expenses (repairs, property tax, insurance) separate from capital expenses (a new roof, a major renovation) - CRA taxes them completely differently
- Current expenses are fully deductible the year they happen; a capital expense is NOT - it is depreciated through CCA (Capital Cost Allowance), and the half-year rule cuts the FIRST year's rate in half
- Shows exactly how much taxable income a landlord would understate by wrongly expensing a capital cost in full the year it happened
- Records saved by name: recalculating updates the same record, not a duplicate
Schermata
Dettagli tecnici
Come configurare e usare
- Acquista la licenza — la chiave (lic_...) appare nella pagina dell'ordine e via email.
- Accedi su app.synoriaai.com con la tua chiave di licenza.
- Nessuna installazione — il prodotto gira nel browser, sulla tua istanza isolata.
- Open the tracker and give your record a name, like the property address and year.
- Enter your rental income for the year.
- List your current expenses (repairs, property tax, insurance), one per line with the amount.
- List your capital expenses (a new roof, a major renovation), one per line with the amount.
- Press Calculate to see your net income and how much taxable income would be understated if a capital cost were expensed in full.
Domande frequenti
What does this tool actually do?
It separates your current expenses from your capital expenses, calculates your net rental income, and shows the difference in taxable income if a capital cost were wrongly deducted in full the year it happened.
Does it file my taxes or send anything to the CRA?
No. It only calculates and displays figures for your own records. Nothing is filed or sent anywhere.
Where is my data stored?
Records are saved by the name you give them, so recalculating updates the same record instead of creating a duplicate. The tool does not share your data with third parties.
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