Realtors and PRECs
You sell real estate.We keep the commission from disappearing at tax time.
Accounting and tax for realtors, teams, brokers, brokerages, PRECs and mortgage agents.
- Monthly plans
- From CAD 299 per month
- Led by
- Salman Feroz, CPA, CMA
- Software
- QuickBooks Online and Xero
- Reply time
- Under one working day
The problem
Commission arrives gross. Tax season is where it disappears.
Commission income is lumpy, expenses are personal-adjacent, and CRA looks closely at both. We build a clean structure, track what is actually deductible and plan the tax before it is owed.
PREC structuring, commission tracking and salary versus dividend planning that keeps more of each deal. The bookkeeping, tax and payroll run together on one fixed monthly price.
What we cover
12 things we handle for realtors and precs
- 01PREC setup and accountingCovered
- 02Commission and deal trackingCovered
- 03HST on commission incomeCovered
- 04Assistant and team payrollCovered
- 05Advertising and marketing expensesCovered
- 06Vehicle expense logs and claimsCovered
- 07Home office claimsCovered
- 08Corporate tax returnsCovered
- 09Salary vs dividend planningCovered
- 10Tax instalmentsCovered
- 11Monthly bookkeepingCovered
- 12Rental and investment property reportingCovered
Problems we solve
Where the money is usually leaking
You do not know whether a PREC makes sense yet
We model your income, personal spending needs and deferral opportunity, then tell you plainly whether incorporating helps this year, or next.
Everything runs through one account
We separate business and personal, build a deduction system you can actually maintain, and remove the year-end scramble.
Instalments and HST catch you off guard
We forecast HST and tax instalments so cash is set aside as deals close, not scraped together in April.
Realtors and PRECs: your questions
How much will this cost?
Monthly accounting starts from CAD 299 per month and is priced on transaction volume, payroll, entities and complexity. Tell us about the business and we confirm an exact fixed price in writing after a short review.
Should I open a PREC?
It depends on how much income you leave in the business, your personal cash needs and your brokerage's requirements. We run the numbers before you pay legal fees.
What can realtors deduct?
Advertising, brokerage fees, vehicle use for business, home office, licensing, professional development, assistant wages and more, with the documentation CRA expects.
Do you handle HST on commissions?
Yes, including registration, filing frequency and reconciling brokerage statements to your filings.
Can you take over from my current accountant?
Yes. We handle the transition, request prior-year files and CRA access, review what was filed, and flag anything that needs to be corrected before we take over your filings.
Do you provide audits?
No. The Accounting Doc does not provide audit or assurance engagements. We focus on accounting, bookkeeping, tax, compliance, business registration, reporting and advisory services within the scope of our professional services.
The Accounting Doc does not provide audit or assurance engagements.
Get my realtor accounting quote
Tell us about the business. We come back with a fixed price and a first step within one working day.
We never ask for confidential documents on this form. Secure upload happens after onboarding.
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