Tax Filing for Real Estate Agents & Realtors Canada

$199

Starting fee

T2125

Self-employment schedule we file

HST

GST/HST reconciliation included

CRA

Authorized e-filer — Rep ID G3XY7S

Realtor-Specific Deductions

Every Dollar You’re Entitled To

Real estate agents are self-employed under Canadian tax law. That means a T2125 business income schedule — and a long list of deductions most tax software misses.

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Vehicle Expenses

Mileage to showings, client meetings, property visits, and the office. We calculate your business-use percentage and claim CCA on your vehicle if applicable.

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Home Office Deduction

If you work from home — and most realtors do — we calculate your eligible workspace percentage and claim rent, utilities, internet, and maintenance.

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Marketing & Advertising

MLS fees, Realtor.ca listings, social media ads, signage, photography, videography, print materials — all fully deductible business expenses.

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Professional Development

RECO/RECA licensing fees, board dues, continuing education, designations (ABR, SRS, SRES), and professional memberships all reduce your taxable income.

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E&O Insurance & Brokerage Fees

Errors & omissions insurance, brokerage desk fees, and split commissions paid to your brokerage are deductible costs of doing business.

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Technology & Software

CRM software, transaction management platforms, e-signature tools, website hosting, and your mobile phone (business-use portion) are all fair game.

How It Works

File Your Realtor Return in 4 Steps

Apply Online

Tell us about your brokerage, commission income, and whether you’re incorporated. Takes 5 minutes.

Upload Your Records

Send commission statements, mileage logs, receipts, and T4As through our encrypted portal. We’ll tell you exactly what we need.

We Build Your T2125

Your advisor prepares the full self-employment schedule, maximizing every deduction. You review before we file.

CRA E-Filing

We e-file to CRA and send your confirmation. Refund via direct deposit in ~8 business days.

Incorporated Realtors

Do You Operate Through a Corporation?

More and more Ontario and BC realtors are using Personal Real Estate Corporations (PRECs). We handle both your T2 corporate return and your personal T1.

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PREC T2 corporate tax return

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Director salary vs dividend optimization

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HST/GST annual reconciliation for the corp

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Personal T1 return for the realtor-owner

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Shareholder loan account review

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Year-end bookkeeping cleanup

Common Questions

Real Estate Tax FAQs

Do I need to charge HST/GST on my commissions?

Yes — if your commission income exceeds $30,000 in a calendar quarter or over four consecutive quarters, you must register for HST/GST and charge it on commissions. We handle your HST registration and annual reconciliation as part of your return.

Can I deduct client gifts?

Yes, with limits. CRA allows deduction of 50% of the cost of client entertainment and gifts, up to $50 per client per year for gifts. Housewarming gifts given to buyers are generally 100% deductible as a business expense. Our advisors know the rules precisely.

What records should I be keeping throughout the year?

Mileage log (date, destination, km, business purpose), all receipts for business expenses, commission statements from your brokerage, HST collected and paid records, and bank/credit card statements. We recommend a simple mileage tracking app and a dedicated business credit card.

Should I incorporate my real estate business?

It depends on your net income level. Generally incorporation becomes advantageous once your commission income (net of expenses) exceeds roughly $100,000 annually, due to the small business deduction rate (9% federal vs 20.5% personal top marginal in Ontario). We can run the numbers for your specific situation.

Tax Returns Built for Real Estate Professionals