real estate professionals

Our years of experience in real estate accounting services give you peace of mind.

Working as a real estate agent comes with unique challenges. You can sometimes have high up-front costs, and when you do get paid, it may be sporadically. Deciding how to structure your company is another hurdle.

We’re here to guide you through structuring your company and offer ongoing support as you do business. With our years of experience, we bring peace of mind to the table. You can rest assured everything is filed accurately and you will keep as much of your hard-earned money as possible.

Personal Taxes

Keeping your business and personal tax filings separate when you’re self-employed can be complicated. We provide clarity and direction so that you can focus on what matters most.

Here’s what’s included:

• T-1      Individual Income Tax Return
• T-2125      Statement of Self-Employed Earnings

Setting up a Personal Real Estate Corporation (PREC)

The real estate industry has changed dramatically in the past few years, and figuring out how to set up to do business can be intimidating. We manage everything from beginning to end, making the entire process seamless.

Here’s what’s included:

• NUANS      Name Search
• Articles      of Incorporation
• Initial      Return Filing
• Setup      of accounts with the CRA (RC – corporate tax, RP – payroll, RT – GST/HST,      RZ – dividend)

Corporate Tax Filing

PRECs are obligated to file an annual corporate tax return with the CRA, and there are savings to be had for completing your returns accurately. We’re here to clarify this unique process and ensure you get back as much as possible.

Here’s what’s included:

• T2      Corporate Income Tax Return
• Issuance      of tax slips
• T4      (Employment)
• T5      (Dividends)
• Compilation      of financial information– CSRS-4200
• Advice      and guidance on eligible tax write-offs
• Unlimited      ongoing accounting and business support to answer your questions      throughout the year
• Year-round      representation with the CRA

Real estate bookkeeping services

A sure thing about real estate is that those working in the industry are busy–especially in certain markets. Staying on top of your books when you have so much on the go is understandably challenging.

We’re here to take the burden of bookkeeping off your hands, so you can spend your time focused on your clients.

Here’s what’s included:

• Monthly      real estate bookkeeping services
• Monthly      reporting of trial balance and P&L
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Set up a free consultation to discuss how our real estate bookkeeping services in Toronto and Mississauga can best support you.