- Trusted Accounting Experts for Real Estate Tax Accountant
Real Estate Tax Accountant Toronto
Real estate professionals across Toronto and North York trust NRK Accounting for accurate tax filing, strategic planning, and CRA compliance. Whether you’re a realtor, rental property owner, builder, or investor — we ensure you keep more of your hard- earned profit while avoiding costly tax mistakes.
Tax Services for Real Estate Agents in Toronto
Commission income, vehicle expenses, home office deductions, and T4A slips can get complicated. We help realtors maximize after-tax income while remaining fully compliant with CRA rules.
We assist with:
Commission & T4A Income Reporting
Accurate reporting of all commission income
Home Office & Marketing Expenses
Maximize deductions for business use of home
Vehicle & mileage record requirements
Proper documentation for auto expense claims
Quarterly Tax Instalment Planning
Avoid penalties with proper planning
GST/HST Remittance
For self-employed agents
If you are incorporated, we also provide seamless support through our Corporate Tax Services Toronto page.
Rental Property Tax Filing for Investors
Taxation on rental income requires proper planning — especially in Toronto’s fast- moving market. We help landlords and real estate investors track income, claim all eligible deductions, and plan for future tax implications.
We support:
Rental Schedules (T776)
Complete and accurate rental income reporting
CCA & building depreciation strategies
Strategic depreciation planning
Mortgage Interest Tracking
Maximize deductible interest expenses
Multi-Property Portfolio Reporting
Comprehensive tracking for multiple properties
Non-resident rental tax compliance
Compliance for international investors
Airbnb & short-term rental filings
Specialized filing for short-term rentals
For ongoing reporting, we also offer Bookkeeping Services Toronto to simplify your records year round.
Capital Gains & Property Disposition Tax
Selling a property? CRA rules can be complex — and mistakes are expensive. We help you determine whether profits qualify as capital gains or business income, while planning tax-efficiently before you sell.
We help with:
Principal Residence Exemption
Maximize tax-free gains on your home
Flipping Rules & Assignment Sales
Navigate complex CRA regulations
Land Development & Inventory
Proper classification for developers
GST/HST on new or renovated homes
Compliance for construction and flips
Capital gains tax minimization strategies
Strategic planning before you sell
When investments are held in corporations, we coordinate tax filings through Corporate Tax Services Toronto.
Why Choose NRK Accounting
Trusted expertise in Toronto real estate taxation
Specialized knowledge in Toronto real estate taxation
Strategies designed to increase after-tax cash flow
Strategies designed to maximize your profits
Support for individuals and corporations
Comprehensive services for all structures
Full suite of services under one roof — taxation, bookkeeping & advisory
Taxation, bookkeeping & advisory under one roof
Virtual and in-office appointments available 7 days a week
Virtual and in-office available 7 days a week
FAQs — Real Estate Tax Services
Do real estate agents have to charge HST?
In most cases yes — when self-employed and earning above $30,000 annually. We assist with registration, filings, and compliance.
Can rental property losses be deducted?
Yes — as long as you are genuinely trying to earn income. We help properly document and optimize deductions.
Is profit from selling a property taxable?
Usually yes — but whether it’s capital gains or business income depends on CRA criteria. We help structure transactions to reduce tax impact.
Do I need to incorporate my real estate business?
It depends on income level, liability protection needs, and future investment plans. We provide personalized incorporation tax planning.
Get Expert Tax Support for Your Real Estate Business
Whether you’re a realtor, landlord, or investor — our team ensures maximum deductions, strong compliance, and stress-free filing.
Location
40 Wynford Drive, Suite 211 North York, Toronto
Phone
416-577-4301
info@nrkaccounting.com