Personal Real Estate Corporation (PREC)

Tax and Accounting Services for Personal Real Estate Corporation (PREC)

If your business is in the fast-paced world of real estate, you already know you’re in an industry with complex transactions and reporting requirements. You also know how competitive it is--and that economic downturns, however unpredictable, may cause your business to be less profitable than you imagined. The good news is that we are here to help our clients navigate the financial challenges they face in building a profitable PREC.  

Whether you’re a real estate agent, a real estate investor, or you run a real estate rental or a property management company, you need an experienced accounting team who understands your business to help you with cash flow management, financial reporting, profitability analysis and improving operational efficiency.

Real estate tax law is complicated, but our knowledge of current real estate tax law enables us to work with your company in developing innovative tax planning strategies that minimize your tax liability. We’ll also help you evaluate potential land and property acquisitions and dispositions and assist you in understanding the implications of various methods of financing should you need it.

What we do:

We provide accounting and tax solutions specific for the real estate industry, such as payroll and bookkeeping services, corporation tax preparation services, integrated tax planning solutions, shareholder compensation and corporate surplus planning.

Specialized Real Estate Accounting Services:

In addition to our business consulting and outsourced CFO services, we are also available to assist you with the following specialized real estate accounting services:

• Integrated tax planning solutions
• Shareholder compensation planning
• Corporate surplus planning
• Self-employment income reporting for realtors
• Financial statements preparation for PREC
• Bookkeeping and payroll services
• GST/HST sales tax calculation and filing
• GST/HST new housing rebate application
• GST/HST new residential rental property rebate application
• NR6, NR6 and Section 216 reporting for non-resident real estate investors
• Setting up Personal Real Estate Corporation (PREC)
• Start-up advisory services

Our Clients: 

• Personal real estate corporation (PREC)
• Realtors and agents
• Real estate investors
• Non-resident investors
• Residential or commercial landlords
• Property managers
• Building owners
• Property investors

Leave the accounting to us.

Our specialized knowledge of the real estate industry has helped many real estate professionals thrive, and we’re ready to help you too. If you’d like to learn more about our real estate accounting services, don’t hesitate to call or fill out the contact form below. It’s that easy!