The work that comes with your industry.
Rental property accounting
Income, expenses and capital improvements tracked property by property.
Property management companies
Owner funds, management fees and payables tracked separately.
Real estate agents
Commission income, brokerage splits, car and marketing expenses, and HST returns.
HST on property
Guidance on HST for new homes, commercial property and substantial renovations.
Selling a property
Capital gains, recapture and principal residence questions worked through before you sell.
Holding structures
Planning for investors who hold property through a corporation.
What real estate clients ask us
Should I hold rental properties in a corporation?
Sometimes. It can help with liability and estate planning, but rental income in a corporation is generally taxed at high rates and the setup adds cost. We compare both options with your numbers.
Do I charge HST on rent?
Residential rent is generally exempt from HST. Commercial rent is usually taxable if you're registered. We confirm how it applies to each property.
As an agent, do I need to register for HST?
Once your taxable revenue passes $30,000 in a calendar quarter or over four consecutive quarters, yes. Many agents register earlier so they can claim input tax credits.