Featured Articles

“What are some of the Top Realtor Tax Deduction Tips?”, is one of the most commonly asked questions I get. A while ago I was a … Continue reading →

Have you, as a realtor or real estate agent, found yourself with the question, “Should I pay myself a salary or dividend from PREC?” Well, you’re … Continue reading →

As realtors, any fluctuation with the Interest Rate can seem very worrisome, wouldn’t you agree? Let’s begin with looking at the the recent realtionship between the … Continue reading →

PAYABLE ON COMMISSION INCOME Before you learn how to calculate your income tax, you must first understand how the Canadian tax system works. The Canadian personal … Continue reading →

Harmonized Sales Tax (HST) is a combination of federal and provincial sales taxes on goods and services in Canada. Last week, we spoke about how realtors … Continue reading →

If you have worked in the real estate industry for a while, you probably know how realtor commission rebates work. However, if you are new to … Continue reading →

A Realtor’s tax is often determined by his/her employment category. Realtors, like many other professionals, can either own their businesses or be employees.  The language used … Continue reading →

Realtors often ask, “how do I qualify for financing in PREC?” If you have been in the real estate industry for a while, you have probably … Continue reading →

Are real estate agent taxes what keep you up at night? Are you a realtor worried about your tax implications? You are not alone! On a … Continue reading →

Did you know that realtors weren’t allowed to incorporate and receive commissions through corporations until just two years ago?  In March 2020, a couple of local … Continue reading →

“Can I deduct travel expenses, and if yes, then how?”, Realtors and small business owners often ask this question.  Generally speaking, you can deduct expenses that … Continue reading →

A HST rebate on a new home? Can your client potentially get one? Recently, a realtor asked, “how can builders avoid charging HST on new homes?” … Continue reading →

When you go to Buy a  Car, you get presented with various financing options with many car dealerships offering different promotions.  And purchasing a vehicle is … Continue reading →

As a Realtor is brokerage for you? Or is PREC your best bet? All ambitious realtors planning to take their businesses to the next level struggle … Continue reading →

As a Realtor, you may wonder if you can claim tax deductions on gift cards? If yes, then how? Generally speaking, any expenses you incur for the … Continue reading →

What tax deductions can you make as a Realtor? To understand Realtor Taxes we need to understand how realtors are categorized. Realtors, like many other professionals, … Continue reading →

Now that you setup your PREC, should you pay yourself a salary or a dividend? As we all know, Personal Real Estate Corporation is considered a … Continue reading →

Hello to all you real estate investors and real estate professionals, I hope everyone had a wonderful Thanksgiving with their families this past weekend. Robin and … Continue reading →

I had an excellent week up north at a friend’s cottage. She recently bought a cottage so that her kids, raised in the city, could get … Continue reading →

Kids are cute and unpredictable. But they’re kids only once. I am not perfect.  I am far from perfect. A client of mine and I were … Continue reading →