Real Estate Tax Accounting Services in Toronto
Stressed over turbulent Cap Rates? Our experts give you crystal clarity on your NOI. We save you every single penny from the CRA!
Less Stress, More Savings. Real Estate Accounting Planned, Prepared, & Handled for You.
Make Your Money Work Harder for You.
Reduce your tax burden with expert tax-saving strategies you didn’t even know existed.
No More Wasted Time.
The average real estate investor spends 10 to 15 hours a month on bookkeeping alone. Get back the time you need to grow your empire.
Avoid CRA Audits.
We know your ambitions are bold. Don’t let the CRA dampen them. Avoid costly tax pitfalls and stay compliant. Our professionals have given hundreds of investors peace of mind as we take over the technical stuff.
Here When You Need Us.
Have concerns? We have solutions. Let's partner up and create an action plan to achieve your goals.
Our Services: Real Estate Investors in Toronto.
Bookkeeping
Your real estate bookkeeping is handled by a Quickbooks Gold-certified team in Toronto.
Corporate Tax Filing
We take care of your T2 returns along with all calculations for your Capital Gains schedule (Schedule 3).
Holding Company Formation
Want to protect your properties from litigation? Our certified real estate experts can do a corporate reorganization to save your assets from lawsuits.
Business Income Vs. Passive Investment Income
Passive investment income in Canada is taxed at 50%. Find out how you can segregate your income streams real estate income streams to avoid this costly tax rate.
HST Audits
Worried about the CRA’s recent clampdown on sales of substantially renovated properties? Avoid costly HST bills by booking a consultation with our CPA.
New Housing HST Rebate
Looking to get your rebate on new housing developed? Look no further than our Real Estate Tax Accountants.
Trusted by Toronto’s Real Estate Investors.
See How Our Real Estate Tax Accountants Have Helped Investors Like You.
Bookkeeping taken care of. Costs cut down. Stress relieved. Tax preparation and filing are done for you.
Watch our clients share their experiences in how they “couldn’t have asked for a better finance and business partner.”
Always There When You Need Us.
We’re your #1 real estate tax resource, always available and ready to answer your questions.
Your Questions, Answered.
We simplify the tax process. We understand it can be complex, but our responsive, approachable team ensures you’re on the right track.
Trusted & Respectful of Your Time
We know you don’t have time to waste. So we always stick to deadlines and pride ourselves on never being late.
Why Our Toronto's Real Estate Clients Choose SAL Accounting.
Only Pay When 100% Satisfied with Our Real Estate Bookkeeping.
Only Pay When 100% Satisfied
Money-Back Guarantee
We believe you should only pay if you’re satisfied with our services. And we’ll work hard to make that true.
0% Risk of CRA Audit
Worried about CRA audits? We’ve got you. Save more money in the real estate market while we protect you from CRA audits. If audited, we’ll handle your CRA audit for free. You can count on our words.
Value Your Time
Save more time with our customized accounting and tax strategies. Feel confident in your investment decisions without waste of money and time.
Why Choose SAL Accounting as Your Real Estate Tax Accountant in Toronto?
Real Estate Investors We Advise In Toronto.
Greenfield Developers
Our experts are with you from the moment your shovel hits the ground. Maximizing the deductions on your soft costs and development expenditures.
Multi-Family
Looking to become the next Grant Cardone? Our CPA speaks at the largest Real Estate stage in Canada – the Multi Family Conference. Invest your money in buildings and enjoy a steady source of rental income!
LP-GP Syndication
Are you a passive investor? Gain interest in complex real estate projects as a limited partner. Look no further than our real estate experts for your needs.
US Cross Border Investors
Different tax laws between the US and Canada are not a burden anymore! Our cross-border CPA is authorized by the IRS to help you with your real estate LP-GP syndicate. Whether it be Florida, Texas, or any state, we have you covered.
Property Flippers
Don’t want to be considered a builder for HST purposes? We support you in finding properties with the potential for appreciation! With SAL, you do not need to worry about property flipping rules.
Investment Property Sellers
Selling your investment property or a consignment? Reduce your tax burden by leveraging the new Capital Gains Tax rules for 2024. Sell your investment property with no challenges.
A Message from Our CPA
“Hey there! I’m the founder of SAL Accounting. I know how investing your money in real estate can be challenging, but don’t worry — we’re here to simplify everything for you. My team and I have real estate accounting & tax knowledge to categorize your expenses, file annual tax returns and keep you informed about tax implications at every stage of the investment. We are proud of our comprehensive set of real estate tax solutions. Trust us to improve all areas of your business at once. “
M. SALMAN
Connect with Award Winning Accountants in Toronto.
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQ: Real Estate Tax Services
What deductions can I take as a real estate investor on my tax return?
As a real estate investor, you can claim all expenses incurred while you hold the property. These can include property taxes, mortgage interest, and repairs and improvements.
Are there any special tax deductions for landlords?
The CRA considers any expense incidental to renting out the property as tax expenses. This includes the following: property taxes, utility bills, mortgage interest, and tax depreciation on any improvements to the property, such as your purchase of laundry and appliances.
How do I avoid capital gains tax on property in Canada?
The CRA allows the following expenses as reductions to your capital gains: the cost to sell the property, e.g., realtor commission; the cost to acquire the property; any additions or major renovations; and any other costs to sell, such as cash for keys payments to existing tenants.
How long do you have to live in a house to avoid capital gains tax in Canada?
The CRA requires you to have lived in the property for at least 12 months to be considered your principal residence. Any property which becomes your principal resident is tax free when selling.
What taxes do you pay when selling a house in Ontario?
A seller of a house in Ontario usually only pays capital gain tax. This is, of course, unless they are considered doing business, in which case they would be taxed on 100% of the gain as business income. The CRA can also consider you a builder for HST purposes and ask you to remit 13% of the selling price as HST collected. It is best to speak to a real estate accountant to get an answer specific to your scenario.
Where is SAL Accounting located?
We are located in the heart of downtown Toronto. Our office address is 330 Bay Street, minutes from Union Station and CN Tower.
Most Approachable Real Estate Professionals in Toronto
Tired of inexperienced, unresponsive CPA firms?? SAL helps real estate agents, investors, brokers, and brokerage firms with tax-related issues.
Our CPA will call you within 15 minutes. Invest in your business!