Real Estate Accounting for Toronto Investors & Agents
Toronto's real estate market is one of the most complex in Canada from a tax perspective. Proper accounting and tax planning can save you thousands of dollars every year.
Services for Real Estate Investors
- Rental income reporting and expense tracking
- Claiming all eligible rental property expenses
- Capital Cost Allowance (CCA) on rental properties
- Principal Residence Exemption (PRE) planning
- HST rebates on new construction and substantial renovations
- Holding company and PREC corporation setup
Services for Real Estate Agents & Brokers
- Personal Real Estate Corporation (PREC) setup and accounting
- Commission income tracking and HST compliance
- Deductible business expenses (MLS fees, marketing, vehicle, home office)
- Corporate tax planning through your PREC