Depending on your tax situation, there are a lot of different ways that you can claim your property taxes. Click each of the links, on the left side of this article, that apply to you to learn more:
Rental property
You can claim your rental property’s property tax, for the period that the property was available for rent, on form T776: Statement of Real Estate Rentals.
Commission/Sales employees
You might be able to claim your property taxes if you’re a commission or sales employee and you work from home. You’ll need to meet specific Canada Revenue Agency (CRA) conditions, and have form T2200: Declaration of Conditions of Employment from your employer. You’ll make your claim on form T777: Statement of Employment Expenses.
Self-employed
If you’re self-employed (sole proprietorship, partnership, farmer, fisher), there are a couple of scenarios that might apply to you:
- You can deduct property taxes for property you used in your business; for example, on land or buildings where your business is situated.
- You can claim your property taxes if you have a work space in your home, and have a form T2200: Declaration of Conditions of Employment from your employer. You’ll make your claim on either a T2125: Statement of Business or Professional Activities, a T2042: Statement of Farming Activities, or a T2121: Statement of Fishing Activities.
Fisher/farmer
As a farmer or fisher, your property taxes are automatically claimed on Schedule L based on information you enter on the T2042: Statement of Farming Activities or the T2121: Statement of Fishing Activities.
If you’re a certified forest producer actively engaged in developing your woodlots and you held a valid certificate issued for that purpose by the Minister of Energy and Natural Resources, you can claim your property taxes for each assessment unit listed on your certificate. You can calculate your refund on Part C of Schedule E.
Québec residents
If you live in Québec and you’re self-employed or you have commission income, you can claim your property taxes on form TP-80-V: Business or Professional Income and Expenses.
Ontario residents
As an Ontario resident, you can claim your property taxes through the Ontario energy and property tax credit (OEPTC) by completing the ON-BEN: Application for the Ontario Trillium Benefit and the Ontario Senior Homeowner’s Property Tax Grant form. The credit is calculated based on your family income for the year.
Manitoba residents
As a Manitoba resident, you might be eligible to claim an amount for your property taxes paid through the Education Property Tax Credit (EPTC). You can claim the EPTC on form MB479: Manitoba Credits.
Where can I learn more?
- Completing form T776: Line 9180 - Property taxes (CRA website)
- Commission employees: Work-space-in-the-home expenses (CRA website)
- T4002: Business and Professional Income (CRA website)
- T4003: Farming Income (CRA website)
- T4004: Fishing Income(CRA website)
- Business or Professional Income and Expenses (Revenu Québec website)
- Property Tax Refund For Forest Producers (Line 462) (Revenu Québec website)
- Ontario energy and property tax credit (OEPTC) (CRA website)
- Manitoba - Education property tax credit (CRA website)