Realtors & Real Estate Agents
Commission agents and brokers, many operating through a PREC.
Who we help
Real Estate & Property.
Realtors, landlords, investors and the businesses that run buildings. Every niche below has dedicated pages for the things owners actually ask us about.
Rental Property Landlords
Individuals and corporations holding long-term residential rentals in the GTA.
Real Estate Investors & Flippers
Flippers, BRRRR investors and small developers.
Airbnb & Short-Term Rental Hosts
Hosts running licensed short-term rentals, from a basement suite to several units.
Property Management Companies
Firms managing rent rolls, owner funds and contractor networks.
“Your industry shapes your numbers. We know what to look for.”
Walla Assaf, CPA · Founder, Tauro Accounting
Common questions from real estate & property clients
05Should I hold rental properties personally or in a corporation?
It depends on your situation. There are tax advantages and disadvantages to both. We review your income, number of properties, and long-term plans and advise on the structure that makes the most sense for you.
Do I qualify for an HST rebate on my new condo?
If you purchased a new build and intend to use it as a primary residence or rent it out, you may qualify for a GST/HST new housing rebate or new residential rental property rebate. We assess eligibility and handle the full application.
How do I report rental income if I own multiple properties?
Each property's income and expenses need to be tracked separately. We set up proper tracking, calculate CCA by property, and ensure everything is reported correctly on your personal or corporate return.
What happens tax-wise when I sell a rental property?
You trigger a capital gain on the difference between your selling price and adjusted cost base. If you've been claiming CCA, there may also be recapture. We calculate all of this in advance so there are no surprises.
Can you help if I've never reported rental income before?
Yes. We can file prior-year returns or amendments to get you compliant. Depending on the situation, we may also be able to apply through the CRA's Voluntary Disclosure Program to reduce penalties.
Let us see if we are the right fit.
A free 15-minute discovery call, no commitment. Walla replies within two business days, either way.
