We provide specialized accounting and tax services to support real estate agents, investors and developers across Ontario from our Toronto and Oakville offices.
Whether you need a tax specialist for your Personal Real Estate Corporations (“PREC”), or a full-service accounting firm for your real estate business, we’re here to help.
Here are some reasons real estate professionals across Toronto choose Cassar CPA:
We stay up-to-date with Ontario legislation (PREC rules, RECO requirements, taxation of commissions, TOSI, etc.) so your structure works correctly and you avoid penalties.
From our Toronto & Oakville offices, clients receive tailored accounting, clear advice, and attentive workflows, not generic templates.
Bookkeeping, financial statements, rental income accounting, HST/GST compliance, and all facets that real estate businesses require.
At Cassar CPA, we believe that real estate professionals deserve an accountant who understands both the tax opportunities and regulatory responsibilities of their business. That’s why as an accounting firm for real estate agents and investors in Toronto, we combine deep legal knowledge, tax strategy expertise, and reliable accounting service, so you can grow your real estate portfolio, manage your PREC properly, and focus on what you do best.
Here’s how the process typically works:
Review current business structure, whether you have or want a PREC, commission flow, ownership structure, and tax obligations.
If setting up a PREC: guide you through the incorporation, drafting needed agreements, share structure (voting vs non-voting), and remuneration flow. If already incorporated, assess for improvements.
Provide bookkeeping, preparation of tax returns, managing rental / investment property finances, commissions, dividends, and scheduled reporting.
Update you as legislation evolves (PREC regulation, RECO rules, tax changes), help with compliance, audit readiness, and optimizing operations in line with law.
“Their diligent approach and personal care have saved me thousands of dollars in taxes over the years!”
"You simply won’t get this quality of service from a big firm.”
“I’ve been working with Matt for a while now and I recommend him as much as I can to my friends and family”
“Cassar CPA has saved me a lot of time, money, and headache!”
“We love Matt and his team! We use them for our NFP organization and they’re always fast, flexible, and knowledgeable”
“Fantastic and knowledgeable team with very forward thinking practices.”
"Matt and his team provide clients efficient and speedy turnaround on monthly accounting and year-end services, while at the same time acting as an advisor on various finance matters.”
If you’re looking for a real estate tax specialist, accountant for real estate investors, or an accounting firm that is familiar with PREC and real estate agent operations, Cassar CPA is here.
With offices in Toronto and Oakville, we serve real estate professionals across Ontario.
Let’s set up a discovery meeting to review your current situation and map out your path forward.
A PREC (Personal Real Estate Corporation) is a corporation that allows a registered real estate agent to receive their brokerage remuneration through a corporation, provided they meet legal criteria (controlling shareholder, share structure, agreement with brokerage, etc.). Cassar CPA can help you analyze whether it’s right for your situation.
Benefits include potential tax deferral, ability to retain earnings in the corporation, possible dividend distributions, and optimization of commission income. Downsides include corporate maintenance costs, stricter compliance, and ensuring all legal requirements are met. Cassar CPA helps you weigh these based on your personal and business goals.
You must own all voting shares as controlling shareholder; non-voting shares can be held by family members (or trusts for minor children) under certain conditions — allowing some flexibility in income stream planning. Cassar CPA guides you through setting this up to avoid issues with RECO or tax authorities.
Yes, your brokerage must agree (in writing) to pay your commissions to your PREC instead of directly to you. There must be a written agreement and confirmation that your PREC satisfies the legal criteria. Cassar CPA supports drafting those agreements and ensuring compliance.
Maintain proper accounting records, separation of personal and corporate finances, hold required meetings, issue financial statements, ensure remuneration flows only from your brokerage, not misrepresenting the PREC, annual tax and corporate filings. Cassar CPA ensures ongoing compliance, so you avoid surprises.
