Realtor accountant in Surrey

For a one-owner Surrey realtor’s PREC, monthly bookkeeping, payroll and the year-end T2 with statements usually cost from $500 to $700 a month all-in.

The hub for realtors, PRECs and brokers gathers the incorporation, GST and instalment material into one annotated index.

Commission income and cash planning

Commissions have no tax withheld, so it is easy to set aside too little and owe instalments. We start with a plan for what to hold back and when, so a strong Surrey year does not become a cash crunch next spring.

PRECs and incorporation

British Columbia lets licensed realtors form a personal real estate corporation (PREC) to earn commission through a corporation, for tax deferral and planning. It suits some, not all: it depends on what you earn and draw, and has setup and licensing requirements. We assess the fit and handle the corporate side if it suits.

Expenses, GST and records

Realtors can deduct the genuine costs of earning commissions — vehicle, marketing, brokerage and board fees, licensing, and home office where it qualifies — and, once registered, charge GST on commissions and recover it on expenses. Vehicle and home-office rules are specific, so clean records keep claims defensible. The vehicle and mileage guide covers the log the CRA expects.

When a PREC starts to make sense

Almost every successful Surrey agent eventually asks whether to incorporate through a PREC. No single income figure decides it — it depends on the gap between what you earn and what you need to live on. Earn more than you spend and a PREC lets the surplus stay in the corporation at lower corporate rates, deferring personal tax until you take it out.

Against that, a PREC adds a corporate return, more formal bookkeeping, setup and licensing steps, and anti-avoidance rules on paying family members. It is a real trade-off, not a default. We model it on your numbers, including years when staying unincorporated is still right. Once a PREC exists, you need a business CPA Surrey realtors can work with on the corporate return and bookkeeping, not only the personal T1.

What EverStone handles for you

One CPA, one fixed fee quoted up front, everything below covered:

• T1 or corporate (PREC) tax return prepared and filed
• Assessment of whether a PREC makes sense for you
• Commission cash-flow and instalment planning
• Vehicle, marketing, home-office and fee deductions set up
• GST registration and filing
• CRA correspondence handled for you

Fixed fees, fully online

EverStone is a CPA firm working fully online — video calls, e-signature and secure document exchange, with no office visits. You are not billed by the hour or the call: the fee is fixed before work starts, so a June question carries no meter. The same CPA handles your file all year. See what it costs or send an enquiry for a written quote by email.

Remote accounting for realtors

The firm serves Surrey remotely. There is no Surrey office and no staff based there. Everything runs by video, phone and secure document exchange. Commission income, the PREC question and expense tracking are handled together, because they are one decision.

If you have incorporated, or are about to, the first year has a handful of decisions that are cheaper to make deliberately. See the PREC year-one decisions.