Accounting for real estate agents in Ottawa
Incorporated agents (PREC) earn commission income, deduct marketing and vehicle costs, and need to plan for lumpy, deal-driven cash flow. In Ottawa, 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 Ottawa, books handled
Ottawa's economy runs on government, tech, and a deep bench of professional and trades businesses. taxifi is built in Ottawa, so serving incorporated businesses here is home turf.
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 Ottawa 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 Ottawa real estate agents choose taxifi
taxifi was built in Ottawa, and the home market is a distinctive one: an economy anchored by the federal government and everyone who serves it, a bilingual client base, and steady suburban build-out from Kanata to Barrhaven to Orléans. Demand here is stable rather than boom-and-bust — which makes messy books an unforced error.
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
Should I set up a PREC?
Ontario agents have been able to use a Personal Real Estate Corporation since late 2020, letting commissions flow into a corporation instead of directly onto your personal return — but the benefit mostly comes from income you can afford to leave in the corporation at the small business rate. If you spend everything you earn, a PREC adds cost without much saving; the honest answer is a calculation from your numbers, which taxifi's accountant runs with you.
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 Ottawa agent, uncaptured credits are one of the most common ways money quietly leaks.
Does taxifi work with Ottawa businesses that serve the federal government?
Yes — a lot of Ottawa work traces back to government directly or through prime contractors, and that world runs on paperwork: proper invoices, clean records, and books that stand up when a prime or an auditor asks questions. Books that are current every day make that side of Ottawa business life routine instead of a scramble.
I already have a bookkeeper or accountant in Ottawa. 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 Ottawa real estate agent, books and taxes handled
One flat monthly price for incorporated Ontario businesses, quoted live on a short call.
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