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“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… Read more: Top Tax Tips for Realtors

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… Read more: 4 Deciding Factors to Help You Choose Between Paying Yourself a Salary or Dividend from PREC

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… Read more: How to Prepare for the Rising Interest Rate

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… Read more: How Realtors can Calculate Income Tax Payable on Commission Income

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… Read more: Harmonized Sales Tax: Calculate HST with The Quick Method

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… Read more: How to Deduct Realtor Commission Rebate the Right Way

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… Read more: What is a Realtor’s tax? Self employed vs. Employee

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… Read more: How To Qualify For Financing in PREC?

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… Read more: 6 Common Realtor Tax Related Questions Asked By Over 200 Realtors

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… Read more: Should Realtors Incorporate?

“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… Read more: Can You Deduct Travel Expenses in Canada?

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?”… Read more: What’s the HST Rebate on New Home?

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… Read more: Should You Buy or Lease a Car to Maximise Tax Deductions?

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… Read more: The Question asked by every Realtor: Brokerage or PREC?

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… Read more: How Realtors Maximize Tax Deductions on Gift Cards

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,… Read more: 10 Tax Deductions You Can Make As A Realtor

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… Read more: 4 Factors to Decide Paying Yourself Salary vs Dividend from PREC

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… Read more: Building Your Real Estate Team: What I Learned From Finding A Live-In Nanny

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… Read more: HOW TO RECORD A PROPER AUTOLOG TO MAXIMIZE AUTOMOBILE EXPENSE DEDUCTIONS

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… Read more: JUDGE PROVIDES INTERESTING COMMENTS DURING A COURT CASE ON UNREPORTED CONDO SALE