You Close Deals.
We Close Your Books.

Yes. Real estate commissions are taxable supplies and GST/HST must be charged. Once your total commissions exceed $30,000 annually, registration is mandatory. We handle registration, return preparation, and ensure the correct amounts are remitted on time.

Rental income is reported on a T776 schedule as part of your T1 personal return (or T2 if held corporately). You can deduct eligible expenses including mortgage interest, property taxes, insurance, repairs, property management fees, and depreciation (CCA). We track each property separately so your return is accurate and defensible.

Common deductions include vehicle expenses (mileage log required), marketing and advertising, home office, MLS and board fees, professional development, staging costs, phone and internet, and errors & omissions insurance. We capture all of these throughout the year so nothing is left on the table at filing time.

Under the Residential Property Flipping Rule (in force since January 1, 2023), if you sell a residential property you owned for less than 365 days, the gain is treated as business income — fully taxable, not a capital gain. There are exceptions for life events like divorce, death, disability, or job relocation. We ensure your transactions are classified correctly from the start.