Real Estate & Property Management
Our real estate & property management bookkeeping solution is custom-designed for the specific needs of your business. Consult with our expert for the best solution!
Set Up the Right Business Structure for Your Businesses
Should You Incorporate Your Business? Ask us.
Business Expenses that You Can Deduct
Business Expenses that You Can Deduct
- Bank and interest fees
- Home office and office expenses
- Vehicle expenses
- Gift and meals to clients
- Client referral fee (proof of fee paid needed)
- Memberships
- List Item
- Professional fees and licenses
- Insurance
- Tuition, training expense, and courses
- Commission expense
- Marketing and advertising
- Accounting
- Legal
Harmonized Sales Tax for Real Estate Businesses
Harmonized Sales Tax for Real Estate Businesses
- If you earn more than $30,000 in commissions, you will be required to register and remit HST to Canada Revenue Agency. Ask us.
- If your HST owing to CRA is over $3000 a year, CRA will require you to pay HST in advance and in installments, during the year. Ask us.
Accounting Solution for Real Estate Businesses
Accounting Solution for Real Estate Businesses
- Use a Cloud-based Accounting System or Desktop version, ask us about your options.
- Trust account tracking – keep separate accounts for the company and the buildings.
- Use an appropriate property management system.
- CRA requires withholding tax to be paid during the year for non-resident investors/ property owners.
- Use tracking categories when tracking income and expenses from multiple properties. Ask us.
- Set up a proper chart of accounts to fit your operations and for each property.
Every Business is Unique. Find Out
How We Can Help Yours.