PREC Accounting for Realtors

Professional Solutions for Your Real Estate Business

Maximize your income and streamline financial management with PREC (Personal Real Estate Corporation) Accounting tailored for real estate professionals. Our specialized services ensure compliance, tax efficiency, and financial clarity.

Our PREC Accounting Services Include:

  • Tax Optimization: Strategic tax planning to help you retain more of your hard-earned income.
  • Income Splitting: Effective strategies to maximize tax benefits for you and your family.
  • Expense Tracking & Deductions: Detailed tracking and deduction management for real estate-related expenses.
  • Financial Reporting & Compliance: Ensure your PREC meets all regulatory and compliance requirements, keeping you audit-ready.
  • Growth-Oriented Financial Insights: Expert guidance to help you make informed financial decisions and grow your real estate business.

Take your real estate business to the next level with Capex CPA's PREC Accounting services. Contact us today to learn how we can support your financial goals.

Why Choose Us for Realtor Accounting?

We understand that real estate is your passion—not accounting. That’s where we step in. Whether you’re just starting out as a solo realtor, managing a PREC, or operating at a high volume, our tailored accounting solutions for realtors are designed to scale with your business and maximize your financial success.

No More Guesswork

Our expert team handles all the heavy lifting—from bookkeeping and tax filings to advanced tax strategies and CRA management—so you can focus on what you do best: growing your real estate empire. No more worrying about compliance or missing deadlines.

Designed for Real Estate Professionals

We know the unique challenges you face as a realtor, which is why we’ve customized each plan to address your specific needs. Whether you require basic support or a fully integrated solution with Virtual CFO services, our accounting solutions are built to handle every stage of your business journey.

Maximize Your Tax Savings

Why leave money on the table? Our proven tax strategies for real estate professionals help you make the most of your income by leveraging every available deduction, deferral, and tax planning opportunity. Save more by working with experts who understand the tax nuances of the real estate industry.

Risk-Free Trial

We’re so confident in our services that we offer a hassle-free trial. Experience how we can simplify your finances and supercharge your business before making a commitment. See the difference for yourself with no obligations.

Ready to Get Started?

Join hundreds of realtors who’ve transformed their businesses by trusting us with their accounting. Choose a plan that suits your needs, start your trial today, and take control of your financial future with Capex CPA.

Getting Started is Easy:

  1. Send us a quick message or choose a time from the calendar to connect.
  2. Meet your Real Estate Accountant for a tailored solution designed for your business.
  3. Watch your real estate business thrive with seamless, effortless accounting support.

New to Capex CPA?

Start risk-free for 30 days. Book a free 30-minute Discovery Zoom Call and discover how we can help you grow your business.

Is Incorporating a PREC Right for You?

Forming a Professional Real Estate Corporation (PREC) can be a game-changer for realtors looking to save on taxes and optimize their income. Incorporating offers substantial tax benefits, but it’s crucial to weigh all factors before deciding if a PREC is right for your real estate business.

Income Splitting & Smoothing

Incorporating a PREC allows you to split income with family members, potentially lowering your overall tax burden. This strategy helps you control when and how you receive income, smoothing out tax peaks and valleys, and avoiding high personal tax rates—critical for any successful realtor.

Tax Strategies & Deferrals

A PREC unlocks access to exclusive tax benefits, including the small business deduction, which reduces your corporate tax rate to just 12.2% instead of personal tax rates that can go as high as 53%. Additional tax-saving strategies, such as life insurance and capital gains exemptions, help realtors maximize their deductions and keep more of their hard-earned money.

Borrow for Personal Assets

With a PREC, the CRA allows you to borrow from your corporation for major personal purchases, such as a home or car, often at significantly lower interest rates than traditional loans. This provides realtors with flexible financing options while keeping their personal and business finances optimized.

Let Us Handle the Accounting, So You Can Focus on Real Estate

As a realtor, you didn’t start your business to handle accounting headaches. Let our expert team manage your tax strategies, bookkeeping, and compliance, so you can focus on what you do best—closing deals and growing your real estate business.

Ready to Get Started?

Contact us today to build a personalized solution for your accounting and tax needs. We’ll help you take full advantage of your PREC and maximize your real estate business potential.

Real Estate & PREC Accounting FAQs:
Expert Answers for Realtors

  • Incorporating a Professional Real Estate Corporation (PREC) allows Realtors to access tax-efficient dividends, reduce personal liability, and protect personal assets. PREC incorporation also offers tax deferral opportunities and flexibility with income distribution, making it a beneficial option for many real estate professionals.

  • A real estate accountant specializes in optimizing your tax strategy. They understand specific tax laws for Realtors and can help with:

    • Structuring your business for maximum tax efficiency.

    • Claiming all eligible deductions.

    • Managing GST/HST filings and other tax obligations. Hiring an accountant experienced in real estate will ensure you comply with regulations while reducing your tax burden.

  • Yes, Realtors can claim home office expenses if they use the space regularly and exclusively for business purposes. The deduction is based on the percentage of your home’s square footage used for your office. Eligible expenses include utilities, mortgage interest, property taxes, and home maintenance.

  • Choosing between a salary vs. dividends depends on your specific financial situation. Salaries are subject to CPP contributions but offer stable, regular income, while dividends can provide tax advantages and flexibility. Many Realtors opt for a combination of both to optimize taxes. An accountant can help you decide the best approach.

  • Incorporating as a Realtor offers significant tax advantages, including:

    • Access to the small business deduction, which reduces your corporate tax rate to 12.2% on the first $500,000 of active business income.

    • Tax deferral opportunities by retaining income within the corporation.

    • Flexibility with income splitting and paying dividends to shareholders. Talk to a specialized real estate accountant to assess if incorporation is right for you.

  • Yes, income splitting with your spouse is possible through a PREC, but it must comply with the Tax on Split Income (TOSI) rules. To avoid extra taxes, your spouse should either work at least 20 hours per week for the business or contribute meaningfully. Consult a real estate accountant to structure your income splitting legally and effectively.

  • Managing bookkeeping for multiple real estate properties is easier with the right software. Modern real estate accounting software allows you to track income and expenses for multiple properties, generate financial reports, and streamline tax filings—all from a single platform. You no longer need separate bank accounts for each property when using professional software.

  • Realtors can claim a wide range of business expenses on their taxes, including:

    • Vehicle expenses (gas, maintenance, insurance).

    • Marketing and advertising costs.

    • Home office expenses.

    • Licensing fees.

    • Professional development (training, seminars). A real estate accountant can help ensure you’re claiming all eligible deductions to minimize your tax liability.

  • Yes, you can deduct vehicle expenses such as fuel, maintenance, insurance, and lease payments. To maximize your deduction, you’ll need to keep a mileage log and track your business-related car use. This ensures you can justify your claims in the event of a CRA audit.

  • Reducing taxes as a Realtor involves strategic planning, such as:

    • Incorporating as a PREC to access the small business deduction.

    • Claiming all eligible deductions (home office, vehicle, marketing).

    • Income splitting with family members.

    • Keeping accurate records of all business expenses. Working with a specialized real estate accountant can help you optimize your tax savings.

  • Realtors often face complex GST/HST filings due to varying commission payments and expense claims. Using accounting software tailored for real estate helps streamline this process, ensuring you file accurately and on time. A real estate accountant can also assist in summarizing GST/HST collected and claimed, reducing errors and penalties.

  • Yes, a specialized real estate accountant can guide you through the tax audit process by ensuring compliance with CRA regulations, maintaining detailed records, and representing you during the audit. They’ll help prepare the necessary documentation to defend your deductions and ensure the audit goes smoothly.