Year-end statements already sorted the way your accountant files them.
Every expense is categorized as it's recorded, using the same groupings as CRA Form T776: insurance, interest and bank charges, professional fees, property taxes, repairs and maintenance, utilities and the rest. At year-end your accountant reads the statement, not a shoebox.
| 8141 | Gross rents | 53,940.00 |
| 9180 | Property taxes | (6,212.00) |
| 8690 | Insurance | (3,488.00) |
| 8710 | Interest and bank charges | (11,904.17) |
| 8960 | Repairs and maintenance | (4,826.40) |
| 9220 | Utilities | (5,102.88) |
| 8871 | Management fees | (4,315.20) |
Mortgage principal of $5,543.93 excluded. Line numbers from CRA Form T776.
What it does
- Categories aligned with T776 lines 8521 to 9281, with gross rents on 8141
- Utilities broken out by electricity, natural gas, oil, propane and water
- Mortgage interest separated from principal automatically (only interest is deductible)
- Owner view and manager view of the same period
- Statements by property, by ownership entity, or across the portfolio
- Each co-owner's share of income and expenses
- Print-ready layout and CSV export
- Year-end accountant pack: statements, ledger and every receipt in one downloadComing soon
- Export to QuickBooks Online and XeroComing soon
Who it helps
Landlords
Know your real net operating income every month, not just at tax time.
Accountants
Statements by property and ownership entity with line references, plus the receipts behind each number.
Property managers
Two views of profit: the manager's view (rent, fees, work you handled) and the owner's full view.
Questions about this feature
Is Propvara a replacement for my accountant?
No. Propvara organizes the numbers and receipts so your accountant spends their time on advice instead of sorting. Capital cost allowance, capital vs current decisions and your return are still their call.
What about capital improvements?
Expenses can be recorded as capital so they're kept out of the operating total. Your accountant decides how they're depreciated.
Can I see a statement for just one co-owner?
Yes. Each owner's share is calculated from their stake in the ownership entity.
Works well with
- Lender-ready rent roll The rent roll your bank asks for at renewal, current to today, in one click.
- Accountant access A read-only login for your accountant: statements, ledgers, receipts, nothing editable.
- Mortgage tracking Balances, rates, renewals and the interest/principal split, calculated the Canadian way.
- Bill & mail capture Snap a photo of a bill or letter. AI reads it, files it to the right property and asks when unsure.
See your portfolio reconciled.
Try every feature free for 14 days. Founding members keep 30% off for as long as they stay.