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Real Estate Accounting & Taxes


Real estate investment can be a profitable business, but it is important to plan ahead so that you can minimize your tax bill and prevent any unnecessary financial failures. An accountant with expertise in real estate investment will save you money by providing advice on tax strategies and sound bookkeeping practices. To make sure you’re adding the right accountant to your investment team, you must determine if the accountant owns or has owned real estate as an investment and has clients who are active investors.

  • Real estate investment analysis, i.e will the investment be profitable?

  • Calculating Net Operating Income (NOI)

  • Assessing property income and expenses

  • Real estate performance measures ( Cash flow, ROI, cap rate, COC return, etc)

  • Choosing the right bookkeeping system

  • DIY record-keeping program

  • Eligible deductible expenses for your real estate business

  • Deciding when to incorporating your real estate business

  • Capital cost allowance and real estate

  • Selling your property and understanding capital gain tax

  • Capital Gain vs income in real estate transactions

  • Transferring personally owned property to a corporation or family members

  • Using the Refundable Dividend Tax On Hand (RDTOH) account to cut corporate taxes

  • Attribution rules and real estate

  • How to make your personal residence mortgage tax-deductible

  • Reasons to create a family trust and taxation of a family trust

  • Spousal transfer of ownership percentage and tax implications

  • RRSP mortgages as a way to invest in real estate

  • GST/HST new residential rental rebate

  • Tax implications of buying foreign real estate

  • File and pay your taxes on time

   Pricing for these services depend on the scope of the engagement.

  For more information call us at 647-848-9432 to arrange your appointment or you can send us an email

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