The books for a house you share.
Co-own a rental with siblings, a partner or friends? Tally keeps the mortgage math, per-owner equity, tenants and a signed year-end tax statement, all in a Google Sheet you own.
Everything a shared property needs, on one register.
SIX FEATURES · TO THE CENTOne property. Two kinds of rent.
It matters for tax: long-term residential rent is HST-exempt; short stays under a month are taxable and count toward the $30,000 line. Switch to compare.
Long-term lease
A tenant on a monthly or yearly lease. Steady rent, residential, and exempt from GST/HST.
Paying more isn't owning more.
Set each partner's ownership share once. Every entry auto-splits by it, and Tally keeps equity (what your stake is worth) separate from net contribution (the extra you fronted).
One payment in. Interest, principal & each share out.
Enter a mortgage payment once. Tally splits interest from principal with true Canadian semi-annual compounding, updates every owner's equity, and divides repairs by ownership share.
The whole tenancy, filed with the property.
Keep each tenant's contacts, utility accounts, and signed documents (lease, rent agreement, condition report) attached to the unit. Archive past tenants without losing the paper trail.
Running short-term? Know before the CRA does.
Tally sums only your taxable short-term income across a rolling four quarters and warns you as it nears the $30,000 registration line. Long-term rent is left out automatically.
See the whole story arrow_forwardrolling 4 qtrs
One click. A statement your accountant accepts.
At tax time Tally produces a signed, CRA-style statement for each owner: rental income, deductible expenses, mortgage interest, and net for tax, on formatted letterhead. Emailed to every partner.
Give your shared property real books.
Free to start · runs on your Google account · your data never leaves your Drive.