Accounting for real estate agents in Windsor
Incorporated agents (PREC) earn commission income, deduct marketing and vehicle costs, and need to plan for lumpy, deal-driven cash flow. In Windsor, 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 Windsor, books handled
Windsor's cross-border, trades, and service businesses need bookkeeping that keeps up and a Canadian accountant standing behind every filing.
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 Windsor 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 Windsor real estate agents choose taxifi
Windsor's economy moves to an automotive and cross-border rhythm — manufacturing and the supply chains around it, major new electric-vehicle-related investment reshaping local demand, and Detroit five minutes away. Border-city business is real business, and it puts a premium on books that are actually current.
That context shapes the work: commission income that arrives in lumps while the expenses never stop is the normal state of a Windsor real estate agent's paperwork. taxifi absorbs it — daily AI bookkeeping, accountant-signed filings — so 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 Windsor agent, uncaptured credits are one of the most common ways money quietly leaks.
Some of my customers and suppliers are in Michigan. Does that complicate my books?
It can — cross-border revenue, US-dollar transactions, and non-resident customers each have their own treatment, and the right answers depend on your specific situation. taxifi keeps the Canadian books clean and current, and the accountant flags and scopes the cross-border questions before they become filing-season surprises.
I already have a bookkeeper or accountant in Windsor. 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 Windsor 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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