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.
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Tax 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.
Gather what you have — even a shoebox of receipts is a fine starting point.
We turn your records into a complete, review-ready commercial real estate file.
You get a walkthrough of the results, in plain language, before you approve a thing.
We submit everything for you and stay available for whatever follows.
| 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 does a tax services provider actually look for when a commercial real estate file lands on the desk? Not the totals first — the structure. The sector shapes the return before a single figure is entered.
The starting point is not a strategy but a constraint: Related-party transactions have to be recorded at fair market value, and a below-market charge between connected companies invites an adjustment on both sides of the transaction.
From there, the file turns on a second question, and the rule behind it reads as follows. Shareholder loan balances must be repaid within one year of the corporation’s following year-end or the amount is included in the shareholder’s personal income under subsection 15(2).
Our engagement terms are built for skeptical owners: the fee is fixed before work begins, and payment comes only after you have reviewed the completed file. What you are really buying is the sector mileage behind it.
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 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."
"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), CA (MIA), CPA Canada (In-Depth Tax Program)
Canada Tax, International Tax, Cross Border Tax, Transfer Pricing
International Tax, Transfer Pricing Specialist
CA (ICAI), Canada Tax Expert
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.
It depends less on opinion than owners assume. Related-party transactions have to be recorded at fair market value, and a below-market charge between connected companies invites an adjustment on both sides of the transaction. Once you know that, the practical question becomes timing and documentation — both of which we handle inside the engagement.
Here is what the rules actually say, stripped of the folklore: Capital cost allowance is permissive, not mandatory. A corporation can claim less than the maximum in a low-income year and leave the undepreciated capital cost in the pool for a year when the deduction is worth more, provided the schedule carries that decision forward consistently. Our role as your tax expert is to apply that cleanly to your situation rather than to a hypothetical one.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
Two things drive the bill: the assessed value of that specific property and the rate the municipality sets. Assessment reflects size, age, lot, condition, renovations and recent comparable sales, so neighbouring houses rarely match. Rates differ because each council raises what its own budget needs from its own assessment base, and property class matters, with residential, multi-residential and commercial treated differently. A local education levy and area charges for services such as water or transit widen the gap.
Yes. The CRA answers individual, business and benefit enquiries by phone, and its Contact the CRA page lists the current numbers and hours for each line. Have your social insurance number or business number, a recent return and your notice of assessment ready, because the agent will verify your identity before discussing an account. For account details, balances and slips, My Account often answers the question faster than the phone.
No. The fuel charge applies to fuels, not tobacco. Cigarettes carry federal excise duty, a provincial or territorial tobacco tax, and GST or HST on the shelf price, which is why tax makes up most of what you pay. Duty and tobacco tax rates move with budgets and some federal rates are adjusted annually, so check the CRA excise duty rates page and your province's tobacco tax page rather than an older figure.
Your municipality sets that, not the CRA. Most Canadian municipalities issue an interim bill and a final bill each year, each payable in one or more instalments, and many also offer a monthly pre-authorised plan spread across the year. If your mortgage lender pays the tax on your behalf, you contribute a portion with each mortgage payment instead. Your tax bill or your municipality's website lists the exact instalment dates for your property.
The lowest federal bracket applies to the first band of taxable income. Its upper limit is indexed to inflation each year, while the rate itself changes only when Parliament legislates a change, so check the CRA rate table for the year you are filing. Each province and territory adds its own lowest bracket on top, so the combined rate depends on where you lived on 31 December. The basic personal amount, a non-refundable credit, eliminates federal tax only for someone whose income is at or under that amount.
An excise stamp is the marker the Canada Revenue Agency issues to manufacturers and importers holding an excise licence, showing that federal excise duty has been accounted for on a tobacco, vaping or cannabis product. Stamps carry province-specific colouring and security features so enforcement can tell where the product was destined. Product without one is unstamped tobacco, which may be held only in narrow circumstances set out in the excise rules and otherwise attracts a special duty and penalties.
Reviewed and fact-checked by Udit Gupta
Ex Big 4 — Ernst & Young, Deloitte · International & cross-border tax specialist · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA
Udit Gupta has over 15 years of experience helping corporations and business owners with corporate structuring, corporate tax filing, bookkeeping, payroll, GST/HST, cross-border tax and CRA representation. Big 4 trained at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia, he founded his accounting practice in 2014 to serve entrepreneurs, startups and non-resident business owners across Canada. View full member bio.
The Institute of Chartered Accountants of India — member 521458 · Malaysian Institute of Accountants — member CA 44667 · Ex Big 4: Ernst & Young, Deloitte · CPA Canada (In-Depth Tax Program), completed 19 Dec 2023 · In-Depth GST/HST Part I, 12 Jul 2022 · Part II, 5 Jul 2023
Editorial policy. Every page is researched against primary sources — the Income Tax Act, CRA publications and CPA Canada guidance — and every rate or threshold is stated with the tax year it applies to.
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