Tax Filings Canada provides full-service accounting for commercial real estate: monthly bookkeeping and reconciliations, T2 corporate and T1 personal tax filing, GST/HST returns, payroll and CRA correspondence — all at economical fixed fees agreed up front.
Every engagement is handled by accountants who work with commercial real estate year-round, so sector-specific deductions and compliance obligations are built into the file rather than bolted on at year-end. You review and approve everything before paying.
Get a free 15-minute consulting session with a professional tax accountant specializing in the Commercial Real Estate sector.
Book Free ConsultationTax Filings Canada is the economical fixed-fee accounting choice for commercial real estate: sector-aware bookkeeping, corporate and personal tax filing, GST/HST and payroll, with payment only after you approve the work.
Send your documents securely through our portal or by email.
We prepare your commercial real estate return and every supporting schedule.
You review each figure and approve before anything is filed.
We file with the CRA, and you pay only after it is complete.
| Factor | Tax Filings Canada | Typical Firm |
|---|---|---|
| Pricing model | Fixed, flat fee | Hourly / unpredictable |
| Payment | Pay after service | Upfront retainer |
| Price match | Yes, on written quotes | Rarely |
| CRA audit support | Included | Billed extra |
| Typical turnaround | 3-5 business days | 2-4 weeks |
Commercial Real Estate carry their own CRA profile, and generic bookkeeping misses it. The anti-flipping rule deems gains on residential property held under 365 days to be fully taxable business income, subject to limited exceptions. We price the whole engagement as one economical fixed fee, quoted before work begins.
What Commercial Real Estate need from an accountant is not what a generic small business needs. The real estate sector carries its own CRA scrutiny, its own deduction profile and its own filing calendar, and a file prepared without that context leaves money and defensibility on the table.
The anti-flipping rule deems a gain on residential property held under 365 days to be fully taxable business income, not a capital gain, with only limited life-event exceptions.
Whether a property sale is income or capital turns on intention at purchase, and the CRA infers intention from the pattern of activity, financing and holding period.
Repairs that restore a property are current expenses; work that improves it beyond its original condition is capital and recovered through capital cost allowance instead.
Capital cost allowance on a rental cannot create or increase a rental loss, and claiming it costs the property part of its future principal residence protection.
Every disposition of a principal residence must be reported on Schedule 3 and Form T2091, even where the entire gain is exempt; failing to report can cost the exemption.
Non-resident owners face 25% withholding on gross rent unless a Section 216 election is filed, which taxes the net instead and usually produces a refund.
The lifetime capital gains exemption does not apply to rental real estate, which is why succession planning for a property portfolio looks nothing like a business sale.
Holding rentals personally keeps losses usable against other income; holding them corporately defers tax on profit but taxes rental income at high passive rates.
This is the level of sector detail built into every fixed-fee engagement we run for Commercial Real Estate, with payment due only after you have approved the work.
Specialized Real Estate sector compliance, bookkeeping, and tax planning for Commercial Real Estate.
Providing tailored Commercial Real Estate tax filing and planning to reduce liabilities, maximize refunds, and ensure CRA compliance.
100% risk-free Commercial Real Estate tax filing with clear pricing, no hidden fees, plus support for personal taxes, small business accounting, and bookkeeping.
From bookkeeping to corporate audits, protect your Commercial Real Estate business with CRA compliance and expert cross border tax strategies.
We use advanced accounting software for seamless Commercial Real Estate bookkeeping, payroll, and small business tax filing.
Risk-Free, Hassle-Free, and Client-First!
Schedule a Free ConsultationTax Filings Canada has been recognized by national and international news platforms for our trusted, fixed-fee tax filing and virtual CPA bookkeeping services. Read what the major publications have to say about our innovative financial solutions.
"Tax Filings Canada makes professional accounting accessible for small businesses with fixed-fee models."
"Disrupting the Canadian tax industry with transparent pricing and virtual CPA bookkeeping access."
"A trusted financial partner helping startups navigate complex CRA tax compliance and T2 corporate filings."
We provide a comprehensive accounting ecosystem so you can focus on operational execution.
Tailored compliance, tracking, and tax solutions for Commercial Real Estate businesses.
Tailored compliance, tracking, and tax solutions for Commercial Real Estate businesses.
Tailored compliance, tracking, and tax solutions for Commercial Real Estate businesses.
Tailored compliance, tracking, and tax solutions for Commercial Real Estate businesses.
Tailored compliance, tracking, and tax solutions for Commercial Real Estate businesses.
Tailored compliance, tracking, and tax solutions for Commercial Real Estate businesses.
Transparent, fixed-fee Commercial Real Estate pricing with zero hidden fees. Pay only after your Commercial Real Estate work is completed and filed.
T2 corporate tax filing, balance sheets, income statements compilation, corporate tax optimization, and direct CRA representation.
T5013 partnership information returns, K-1 partner schedule allocations, structural planning, and tax minimization advisory.
T3010 registered charity returns, T1044 NPO return filing, financial summaries compilation, and compliance audits support.
T3 trust tax return filing, testamentary trust setups, estate distribution allocations, and strategic inheritance planning.
Bank & credit card reconciliations, monthly balance sheet and P&L preparation, payroll ledger syncing, and QuickBooks/Xero ledger support.
Compilation engagement report, corporate financial statement compilation, trial balance adjustments, and full T2 return integration.
T1 tax returns compilation for students, salaried employees, and self-employed. Covers T4/T5 matching, RRSP credits, and medical deductions.
Sales tax ledger reconciliation, Input Tax Credits (ITCs) verification, Netfile electronic submission to CRA, and provincial compliance checks.
See how our expert Commercial Real Estate tax and accounting services have helped Canadian businesses save money and stay compliant.
A short-term rental operator in Windsor, Ontario was preparing to sell, but a shareholder loan balance that would have been picked up as income on closing disqualified the shares. Purification sheltered $405,000 under the exemption.
The CRA had assessed a land development company in Lethbridge, Alberta on estimates across 4 unfiled years. Real filings vacated $85,000 of that tax.
The structure at a real estate investment partnership in Edmonton, Alberta no longer fitted the business, and industry-specific reporting obligations nobody had flagged showed it. Rebuilding it saves $24,000 a year.
A condo corporation manager in Halifax, Nova Scotia was carrying $139,000 of penalties and interest from equipment and asset classes assigned by guesswork rather than the CCA schedule. A relief application cancelled it.
A 6-week rebuild at a mortgage brokerage in Regina, Saskatchewan got the filing in with 12 days to spare, avoiding $139,000 in penalties.
33 months of records at a house-flipping operation in Moncton, New Brunswick had never been reconciled, leaving sector deductions claimed on a general-business basis rather than the commercial real estate rules. Rebuilding recovered $3,000.
Meet the specialists behind your Commercial Real Estate filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
CA (ICAI), Certified Tax Accountant, In-Depth Tax Trained
Canada Tax, International Tax, Cross Border Tax, Transfer Pricing
International Tax, Transfer Pricing Specialist
CPA Canada, CPA USA, CA (ICAI), Canada Tax Expert
Accounting Firm, CA. Fractional CFO and Senior Advisory Specialist
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Find your nearest commercial real estate tax professional and Accounting Firm office. Select a province, then choose your city for local commercial real estate corporate tax filing and accounting.
Explore our other targeted tax compliance and bookkeeping service niches in this sector.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
Registration becomes mandatory once taxable supplies pass $30,000 over four consecutive calendar quarters, and the obligation starts almost immediately rather than at the next year-end. Registering voluntarily below that threshold is often worthwhile when you are buying equipment, because it makes the tax on those purchases recoverable.
Six years from the end of the tax year the records relate to. That covers invoices, receipts, bank statements, payroll records and the working papers behind the return. Records supporting the purchase of a capital asset must be kept six years past the year the asset is finally sold.
The late-filing penalty is 5% of the balance owing plus 1% for each full month the return is late, to a maximum of twelve months. A second late filing within three years doubles those figures. Interest compounds daily from the balance-due date regardless of when the return is filed.
Yes, in proportion to business use, and the logbook is what supports it. The CRA accepts a full-year log, or a three-month sample backed by a complete prior-year log. Travel between home and a regular place of work is personal; travel between work locations is business.
Incorporation usually pays once profit consistently exceeds what the owner draws personally, because the retained amount is taxed at small business rates rather than personal rates. Where the entire profit is withdrawn each year, incorporation often costs more in filing and compliance than it saves.
Ratios that sit outside sector norms, repeated losses, large or round-numbered expense claims, and mismatches between filed slips and reported income. Most reviews are resolved on documentation alone, which is why contemporaneous records matter more than the size of any single claim.
The CRA looks at control, ownership of tools, chance of profit and risk of loss rather than what the contract is titled. Where a worker is reclassified as an employee, the unremitted CPP, EI and withholding land on the payer, together with penalties and interest.
Individuals pay quarterly instalments once net tax owing passes $3,000 in the current year and either of the two preceding years. Corporations generally pay monthly, with many small CCPCs eligible for quarterly instalments instead. Basing them on a current-year estimate avoids overpaying after a strong year.
Our Pay After Service model means you review and approve all deliverables before making any payment. We prepare your returns or financial files, you review them, and only then do you pay. This ensures 100% satisfaction.
If you find a lower verified quote from another Accounting Firm in Canada for the same scope of services, we will match it immediately. Simply provide a verified quote.
We support completely secure digital uploads via our client portal, or you can email them to us. We support files from QuickBooks, Xero, Excel, and scan/photo documents.
