CPA-led accountants in Ontario
Corporate tax, incorporation guidance and PREC planning for real estate agents and Realtors across Ontario.
Talk to an accountant(647) 527-4970Commission income does not work like a regular paycheque, and neither should your accounting. Whether you are operating as a sole proprietor, thinking about incorporating, or already running a Personal Real Estate Corporation, we help real estate agents across Toronto and the GTA keep more of what they earn and stay fully compliant with the CRA.
Most accountants treat every client the same. We do not. Real estate income is lumpy, commission driven, and full of deductions that a generalist accountant will miss or get wrong.
We know the difference between a marketing expense and a personal one, we know how MLS fees, brokerage splits, and referral fees factor into your return, and we know when incorporating actually saves you money versus when it does not.
Full preparation and filing of your corporate tax return, done right and done on time, so you avoid penalties and unnecessary CRA attention.
Not every agent should incorporate right away. We walk through your commission volume, expenses, and long term goals to tell you honestly whether a Personal Real Estate Corporation makes sense for you, and when.
Commission income means HST obligations. We manage your filings and make sure input tax credits on your business expenses are claimed properly.
Vehicle costs, home office, marketing and advertising, client gifts, professional development, brokerage fees. We identify every deduction you are entitled to so nothing is left on the table.
Commission income makes tax instalments tricky. We help you plan ahead so a big closing month does not turn into a tax surprise later.
If you have an assistant or team, we handle payroll setup and filings so you are not managing that on top of everything else.
“Incorporating our dental clinic and balancing salary versus dividends used to cause constant stress. goodaccounting reorganized our corporate setup and cut our tax bill significantly — someone always picks up when you call.”
“Managing daily POS sales, food costs, and payroll for 12 staff was overwhelming. goodaccounting synced our Square registers with QuickBooks and handles our quarterly HST filings like clockwork.”
“Construction accounting is tricky with holdbacks and T5018 subcontractor slips. Aman's team set up job costing so I know my true margin on every job site, with zero surprise fees.”
“When our company grew past $2M, we needed real corporate expertise. goodaccounting prepared bank-ready Notice to Reader statements in two weeks and helped us claim key tax deductions.”
A simple process from first call to finished work.
Tell us about your situation by phone, video or the contact form. We listen first and ask the right questions.
You get a plain-language scope of work and a fee quote before anything starts, so there are no surprises.
We prepare, file and reconcile everything, and you review a clear summary before it goes to the CRA.
Questions in March or September are welcome. We stay available all year, not just at tax time.
Choose your city to see how we help locally.
T1 tax returns for individuals, families, students, seniors and newcomers, filed accurately and on time.
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T2 corporate returns and year-end tax planning for Canadian-controlled private corporations.
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T2 corporate returns and Medicine Professional Corporation (MPC) tax planning for physicians and specialists across Ontario.
Learn moreAnswers to common questions in Ontario.
A PREC is a corporation that lets a real estate salesperson or broker in Ontario receive commission income through a company instead of personally. It can offer tax deferral and planning advantages, but it comes with its own incorporation, bookkeeping and T2 filing obligations.
It depends on how much you earn above what you need to live on, since incorporating mainly helps by deferring tax on income left inside the company. We review your commission volume and expenses and tell you honestly whether it makes sense yet, or whether staying a sole proprietor is better for now.
As a sole proprietor, commission income is reported on your personal T1 return with the T2125 business statement and is subject to personal tax rates and CPP. Once incorporated through a PREC, the corporation pays corporate tax on the income and you decide how and when to pay yourself.
Fees depend on the scope and complexity of your situation. After a free consultation we give you a clear quote before any work begins.
Yes. We serve Toronto, Mississauga, Brampton, Vaughan, Markham, Oakville and the wider GTA, and we work with clients across Canada by phone, video and secure online document sharing. Call (647) 527-4970 to get started.