Bookkeeping for Realtors and Mortgage Brokers
Commission tracking, HST registration and filing, professional corporation tax returns, and expense management — all designed for the unique financial structure of real estate professionals.
Last updated: March 2026
Why Realtors Need Specialists
The Financial Complexity of Real Estate
Irregular commissions, HST registration thresholds, professional corporations, and a long list of deductible expenses make real estate one of the most tax-complex professions.
Irregular Commission Income
Commission payments vary month to month — sometimes nothing for 60 days, then several large payments at once. This creates cash flow planning challenges and complex HST tracking.
HST on Commissions
Realtors registered for HST must charge and remit HST on commissions and collect it correctly from brokerages. Missing the registration threshold triggers penalties.
Professional Corporation Tax
Many realtors and mortgage brokers operate through a professional corporation. T2 filings, dividend vs. salary planning, and HST flow-through all require expert handling.
Deductible vs. Non-Deductible Expenses
Marketing costs, staging, vehicle use, home office, MLS fees, and client gifts all have specific CRA rules. Claiming them incorrectly is a common audit trigger.
Our Services
What Taxxel Handles for Realtors
Commission Tracking & Reconciliation
Every commission payment logged against deals closed, brokerage splits tracked, and net income reconciled monthly.
HST/GST Registration & Filing
We determine when you must register, handle quarterly filings, and recover ITCs on eligible business expenses.
Realtor & Broker Expense Tracking
MLS fees, staging, photography, marketing, vehicle, home office — all categorized correctly for CRA.
T2 for Professional Corporations
Corporate income tax returns for realtor and broker professional corps, including salary/dividend optimization.
Monthly Financial Statements
Clear P&L and balance sheet every month so you understand your actual profitability after splits and expenses.
Mortgage Broker Income Tracking
Finder fees, trailer fees, and volume bonuses tracked accurately with proper HST treatment for each type.
Year-End Tax Planning
We review your income before year-end and advise on timing of expenses, corporate dividends, and RRSP contributions.
CRA Audit Readiness
Realtors are a common CRA audit target. We keep your records organized and compliant year-round.
Complete Package
What's Included
- Monthly commission tracking and income reconciliation
- Brokerage split and referral fee recording
- HST/GST registration guidance and quarterly filings
- ITC recovery on business expenses
- Marketing, staging, and photography expense tracking
- Vehicle expense log and CCA calculations
- Home office deduction documentation
- MLS, board, and licensing fee tracking
- Professional corporation bookkeeping
- T2 corporate tax return preparation
- Dividend declarations and T5 slips
- Monthly P&L and year-end financial statements
Pricing
From $100/month
Flat monthly fee — no hourly billing. Custom quote based on your transaction volume and whether you have a professional corporation.
Get a Custom QuoteServing Realtors Across the GTA
We work with realtors and mortgage brokers in Brampton, Mississauga, Toronto, and across Ontario — virtually or in person.
FAQ
Frequently Asked Questions
Ready to Get Started?
Get in touch today — we are here to help with your tax and bookkeeping needs.
Contact Us