We are closely connected to the real estate industry through many clients who work as brokers or sale associates. As such, we are knowledgeable with the work of real estate professionals, and their specific accounting, and taxation needs.
Commission income is often a substantial part of the annual income of a real estate professional. As such there are certain rights and obligations placed on real estate brokers and sales associates alike when it comes to the reporting of their taxable income on the calendar year basis. At MasterAccountants.com we can assist you with all your reporting requirements, focusing on reducing your income tax obligations. Our customized real estate package includes bookkeeping, payroll services (if required), accounting, HST return preparation, and filing, income tax planning and return preparation.