Accounting for real estate agents in London
Incorporated agents (PREC) earn commission income, deduct marketing and vehicle costs, and need to plan for lumpy, deal-driven cash flow. In London, taxifi handles it online: books current every day, filings on time, and a Canadian accountant reviewing and signing every file.
CRA EFILE authorized · Every file reviewed by an accountant · Switching is free — about an hour of your time
Real Estate Agents in London, books handled
London, Ontario supports a broad base of professional practices, trades, and health businesses that benefit from current books and included year-end tax.
For real estate agents specifically, taxifi covers the work below as part of one flat monthly price, with Ontario’s HST, WSIB, and Employer Health Tax handled inside the service:
- Commission-income bookkeeping
- Marketing, vehicle, and expense tracking
- HST returns prepared and filed
- PREC corporate bookkeeping and owner pay planning
What we take off a London real estate agent’s plate
Lumpy commission income
Commissions arrive in bursts. We keep the books current so tax is set aside as you earn, not scrambled for in April.
Marketing and vehicle expenses
Marketing, vehicle, and client costs are tracked and documented so you claim everything you're entitled to.
Your PREC
The personal real estate corporation's books and year-end T2 are handled, with owner-pay planning built in.
Why London real estate agents choose taxifi
London runs on anchors — healthcare, the university, insurance — and serves as the commercial hub for much of southwestern Ontario. It is a steady market rather than a speculative one, where businesses build on repeat customers and reputation, and where a surprise tax bill hurts precisely because everything else was predictable.
Layer onto that what real estate agents deal with everywhere — commission income that arrives in lumps while the expenses never stop — and the case for taxifi is simple: books kept current daily by AI, filings reviewed and signed by a Canadian accountant, and instalments and the PREC question get planned instead of discovered.
Common questions
Do I charge HST on my commissions?
Yes — real estate commissions are a taxable service, so once you're past the $30,000 small-supplier threshold you register and charge HST, and the HST you pay on marketing, brokerage fees, and the business share of your vehicle comes back as input tax credits. For a busy London agent, uncaptured credits are one of the most common ways money quietly leaks.
My income is irregular. How do I avoid CRA instalment surprises?
A big commission year can create instalment obligations the following year — CRA sizes them from your recent history, not your current pipeline — and agents get caught paying last year's success out of this year's slower months. Books that are current let your accountant size set-asides to reality all year, so the instalment notices are expected, funded, and boring.
Is taxifi actually available in London, or just the biggest cities?
Fully available — taxifi is online-first, so a London clinic or contractor gets exactly the same daily bookkeeping, payroll, HST, and T2 service as a Toronto one, at the same kind of flat monthly price. No office visit exists to miss.
I already have a bookkeeper or accountant in London. How hard is switching?
The switch is free: we deal with your current provider directly, collect your file and history, and take over the monthly work. Any catch-up is scoped and priced before you commit. Your part is about an hour, and mid-year is fine.
Your London real estate agent, books and taxes handled
One flat monthly price for incorporated Ontario businesses, quoted live on a short call.
Get Started