Real Estate Tax Accounting in Mississauga, Ontario
Comprehensive real estate tax and accounting services for agents, brokers, developers, and investors in Mississauga and the GTA. Capital gains, HST, corporate structures, and CRA compliance.
Real Estate Tax Accountants in Mississauga
Mississauga's real estate market is one of Ontario's most active. Whether you're a realtor reporting commission income, a developer calculating project profitability, or an investor managing a portfolio of properties, BOMCAS Canada provides specialized real estate tax accounting services tailored to your needs.
Realtor & Agent Tax Returns
T1 or T2 returns for real estate agents and brokers, including commission income, vehicle, and home office deductions.
Developer Accounting
Project accounting, revenue recognition, HST on new builds, and financial statements for real estate developers.
Capital Gains Planning
Accurate capital gains calculations, principal residence elections, and tax minimization strategies for property sales.
HST for Real Estate
HST compliance for agents, new builds, assignment sales, and commercial transactions — including rebate applications.
Corporate Structure Advisory
Holding company and operating company structures for real estate investors and developers to minimize taxes.
CRA Real Estate Audit Defence
Expert representation for CRA audits of rental income, property flips, unreported gains, and HST assessments.
Real estate agents, brokers, developers, and investors face taxes on commission income (T1 or T2), capital gains on property sales, HST on commissions and new builds, land transfer tax, and rental income. Proper structure and tax planning are critical to minimize tax exposure in Mississauga's active real estate market.
HST applies to new residential construction, substantially renovated properties, commercial real estate, and assignment sales. HST does not typically apply to resale residential homes. We advise developers, builders, and agents on their HST obligations, new housing rebate applications, and CRA compliance.
The principal residence exemption eliminates or reduces capital gains tax on the sale of your home. You can only designate one property per family unit per year. With increased CRA scrutiny on real estate, proper documentation and reporting are essential. We ensure your principal residence claim is correctly structured and reported.
Incorporation is often advantageous for developers and active investors — providing the small business deduction on corporate income, liability protection, income splitting opportunities, and tax deferral. We analyze your situation and recommend the most tax-efficient structure for your real estate activities.