Real estate tax Accounting in Canada. How to Choose A Real Estate Accountant in Canada. Professional Tax Accountants are real estate tax accountants in Canada who have specialized in preparing and filing your taxes, ensuring required forms are filled and all entitled tax deductions have been explained. Tax deductions are beneficial. Real Estate agents lose out on a lot of funds when they don’t use the tax deductions available to them. Tax deductions are there for your benefit. Common Expense that can be deducted: Marketing expenses – websites, postcards, flyers, newspaper advertising, websites. Car Expenses – Insurance, business mileage, interest on car loans, license plate fees, parking and toll expenses, lease payments.
Cab/Uber fares for business travel, Business meals and entertainment
Bookkeeping and accounting fees, Legal fees
Professional dues, Computers/Laptops, Computer software
Desk fees, Education – To improve and learn new skills
Office expenses – including home office expenses, equipment and supplies.
Internet access, Insurance, Interest – Paid interest business credit card(s) and, Cell phone and telephone expenses.
Travel expenses – business conventions, hotels, meals and transportation.
Taxes, Wages paid to employees, Benefits paid to employees
Real Estate Tax Planning in Canada. Should you Incorporate Real Estate Investments – Real Estate Tax Planning Canada – Bomcas Tax Accountants. Accounting Strategies For Canadian Real Estate Investors. Tax Help to Real Estate | Tax Specialist Canada. Services provided across Canada such as: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, Saskatchewan, Northwest Territories, Nunavut, and Yukon.
What Is the Goal of Income Tax Accounting? One of the most diversified accounting subcategories or specializations, tax accounting is used in a broad variety of situations. When it comes…
Property tax and real estate tax create confusion among people. If you also have this same question, nothing to worry! You are not alone. Taking the initial step on the…