Canada - Taxes - Tenants renting out spare rooms

Melissa764
Level 1
Yellowknife, CA

Canada - Taxes - Tenants renting out spare rooms

Hi everyone,

 

We are renting a 3 bedroom house from a landlord and rent out 2 of them on Airbnb to help us pay the rent. Should I declare the whole gross earnings we received as a Rental Income or should I deduct the price we pay for these rooms first? Thing is that we actually don't make a profit out of these rooms, it just helps us pay the rent. Anyone in the same situation can tell me how they declared it? 

 

Thanks a lot!

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