Can you work with my existing bookkeeping software?
Yes. We work in QuickBooks, Xero, Wave, Sage, spreadsheets, and plain scanned documents. You are not required to migrate systems to become a client, and we never charge a conversion fee.
We provide full-service corporate tax filings, bookkeeping, and CRA compliance support specifically designed for Realtors. Our Big4 alumni specialists handle direct tax filings, payroll coordination, and financial statement compilation to optimize your business operations.
Get a free 15-minute consulting session with a professional tax accountant specializing in the Realtors sector.
Book Free ConsultationAccounting for realtors in Canada: Tax Filings Canada handles personal real estate corporation (PREC) filings, commission GST/HST and your T2, at a fixed fee.
Send your documents securely through our portal or by email.
We prepare your realtors return and every supporting schedule.
You review each figure and approve before anything is filed.
We file with the CRA, and you pay only after it is complete.
| Factor | Tax Filings Canada | Typical Firm |
|---|---|---|
| Pricing model | Fixed, flat fee | Hourly / unpredictable |
| Payment | Pay after service | Upfront retainer |
| Price match | Yes, on written quotes | Rarely |
| CRA audit support | Included | Billed extra |
| Typical turnaround | 3-5 business days | 2-4 weeks |
The biggest structural change for Canadian realtors was the personal real estate corporation, now permitted in provinces including Ontario and British Columbia, which lets commission income be earned in a corporation and taxed at corporate rates with the remainder deferred. A PREC only pays off if the agent does not need all the cash personally, since the advantage is deferral rather than absolute savings. Commissions are taxable supplies, so GST/HST registration is effectively unavoidable at realtor income levels.
Accounting for Realtors is a specialist job because the CRA treats this part of the real estate sector differently. These are the rules that actually change the number at the bottom of the return.
Agents incorporating a personal real estate corporation must follow provincial rules on who may hold shares, and commissions must be paid to the corporation, not assigned after the fact.
The anti-flipping rule deems a gain on residential property held under 365 days to be fully taxable business income, not a capital gain, with only limited life-event exceptions.
Long-term residential rent is GST/HST-exempt, so tax paid on maintenance and management is unrecoverable — a cost that has to be built into the yield calculation.
Repairs that restore a property are current expenses; work that improves it beyond its original condition is capital and recovered through capital cost allowance instead.
Every disposition of a principal residence must be reported on Schedule 3 and Form T2091, even where the entire gain is exempt; failing to report can cost the exemption.
Non-resident owners face 25% withholding on gross rent unless a Section 216 election is filed, which taxes the net instead and usually produces a refund.
The lifetime capital gains exemption does not apply to rental real estate, which is why succession planning for a property portfolio looks nothing like a business sale.
Holding rentals personally keeps losses usable against other income; holding them corporately defers tax on profit but taxes rental income at high passive rates.
We apply all of this as part of the standard engagement for Realtors — there is no separate advisory fee, and the quote is fixed before any work begins.
Specialized Real Estate sector compliance, bookkeeping, and tax planning for Realtors.
Providing tailored Realtors tax filing and planning to reduce liabilities, maximize refunds, and ensure CRA compliance.
100% risk-free Realtors tax filing with clear pricing, no hidden fees, plus support for personal taxes, small business accounting, and bookkeeping.
From bookkeeping to corporate audits, protect your Realtors business with CRA compliance and expert cross border tax strategies.
We use advanced accounting software for seamless Realtors bookkeeping, payroll, and small business tax filing.
Risk-Free, Hassle-Free, and Client-First!
Schedule a Free ConsultationTax Filings Canada has been recognized by national and international news platforms for our trusted, fixed-fee tax filing and virtual CPA bookkeeping services. Read what the major publications have to say about our innovative financial solutions.
"Tax Filings Canada makes professional accounting accessible for small businesses with fixed-fee models."
"Disrupting the Canadian tax industry with transparent pricing and virtual CPA bookkeeping access."
"A trusted financial partner helping startups navigate complex CRA tax compliance and T2 corporate filings."
We provide a comprehensive accounting ecosystem so you can focus on operational execution.
Tailored compliance, tracking, and tax solutions for Realtors businesses.
Tailored compliance, tracking, and tax solutions for Realtors businesses.
Tailored compliance, tracking, and tax solutions for Realtors businesses.
Tailored compliance, tracking, and tax solutions for Realtors businesses.
Tailored compliance, tracking, and tax solutions for Realtors businesses.
Tailored compliance, tracking, and tax solutions for Realtors businesses.
Transparent, fixed-fee Realtors pricing with zero hidden fees. Pay only after your Realtors work is completed and filed.
T2 corporate tax filing, balance sheets, income statements compilation, corporate tax optimization, and direct CRA representation.
T5013 partnership information returns, K-1 partner schedule allocations, structural planning, and tax minimization advisory.
T3010 registered charity returns, T1044 NPO return filing, financial summaries compilation, and compliance audits support.
T3 trust tax return filing, testamentary trust setups, estate distribution allocations, and strategic inheritance planning.
Bank & credit card reconciliations, monthly balance sheet and P&L preparation, payroll ledger syncing, and QuickBooks/Xero ledger support.
Compilation engagement report, corporate financial statement compilation, trial balance adjustments, and full T2 return integration.
T1 tax returns compilation for students, salaried employees, and self-employed. Covers T4/T5 matching, RRSP credits, and medical deductions.
Sales tax ledger reconciliation, Input Tax Credits (ITCs) verification, Netfile electronic submission to CRA, and provincial compliance checks.
See how our expert Realtors tax and accounting services have helped Canadian businesses save money and stay compliant.
Scaling exposed industry-specific reporting obligations nobody had flagged at a real estate brokerage in Vancouver, British Columbia. The back office was rebuilt to match, freeing $131,000.
A $140,000 reassessment landed at a land development company in Kelowna, British Columbia, resting on a previous accountant with no experience of this sector. The objection was allowed in full.
A mortgage brokerage in Red Deer, Alberta faced a $25,000 proposed reassessment after a chart of accounts that told the owner nothing about realtors margin. We rebuilt the documentation and the adjustment was withdrawn in full.
A property management company in London, Ontario had already been penalised over equipment and asset classes assigned by guesswork rather than the CCA schedule. A relief application cancelled $122,000 of that penalty.
6 years of filings at a short-term rental operator in Winnipeg, Manitoba had never claimed the incentives the work qualified for. The review recovered $135,000.
27 months of records at a condo corporation manager in Calgary, Alberta had never been reconciled, leaving sector deductions claimed on a general-business basis rather than the realtors rules. Rebuilding recovered $9,500.
Meet the specialists behind your Realtors filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
CA (ICAI), Certified Tax Accountant, In-Depth Tax Trained
Canada Tax, International Tax, Cross Border Tax, Transfer Pricing
International Tax, Transfer Pricing Specialist
CPA Canada, CPA USA, CA (ICAI), Canada Tax Expert
Accounting Firm, CA. Fractional CFO and Senior Advisory Specialist
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Direct answers to what Canadian business owners actually ask before hiring an accountant.
Yes. We work in QuickBooks, Xero, Wave, Sage, spreadsheets, and plain scanned documents. You are not required to migrate systems to become a client, and we never charge a conversion fee.
Multi-province operations allocate taxable income by permanent establishment and payroll, and sales tax rules differ by jurisdiction. We handle the allocation schedules and the differing GST, HST, PST and QST obligations in one engagement.
Registration becomes mandatory once taxable supplies pass $30,000 over four consecutive calendar quarters, and the obligation starts almost immediately rather than at the next year-end. Registering voluntarily below that threshold is often worthwhile when you are buying equipment, because it makes the tax on those purchases recoverable.
Six years from the end of the tax year the records relate to. That covers invoices, receipts, bank statements, payroll records and the working papers behind the return. Records supporting the purchase of a capital asset must be kept six years past the year the asset is finally sold.
The late-filing penalty is 5% of the balance owing plus 1% for each full month the return is late, to a maximum of twelve months. A second late filing within three years doubles those figures. Interest compounds daily from the balance-due date regardless of when the return is filed.
Yes, in proportion to business use, and the logbook is what supports it. The CRA accepts a full-year log, or a three-month sample backed by a complete prior-year log. Travel between home and a regular place of work is personal; travel between work locations is business.
Incorporation usually pays once profit consistently exceeds what the owner draws personally, because the retained amount is taxed at small business rates rather than personal rates. Where the entire profit is withdrawn each year, incorporation often costs more in filing and compliance than it saves.
Ratios that sit outside sector norms, repeated losses, large or round-numbered expense claims, and mismatches between filed slips and reported income. Most reviews are resolved on documentation alone, which is why contemporaneous records matter more than the size of any single claim.
Our Pay After Service model means you review and approve all deliverables before making any payment. We prepare your returns or financial files, you review them, and only then do you pay. This ensures 100% satisfaction.
If you find a lower verified quote from another Accounting Firm in Canada for the same scope of services, we will match it immediately. Simply provide a verified quote.
We support completely secure digital uploads via our client portal, or you can email them to us. We support files from QuickBooks, Xero, Excel, and scan/photo documents.
