What we see in your industry
- Commission income, marketing and vehicle expenses for agents
- Rental income, expenses and capital cost allowance
- Selling a property: capital gain, business income or principal residence
- The property flipping rule for homes sold within 12 months
- GST/HST on new or substantially renovated homes
How we help
- Personal returns with business and rental income
- Bookkeeping for agents and rental portfolios
- GST/HST registration and returns for agents
- Planning before you buy or sell a property
- New housing and rental property HST rebates
Common questions
Is profit from selling a property taxed as a capital gain?
Not always. It depends on why you bought it and how long you held it. Residential properties sold within 12 months are generally taxed as business income unless an exception applies.
Do realtors need to register for HST?
Yes, once your commission income passes the $30,000 small-supplier threshold. Many agents register from the start.