Accounting & Tax for Landlords & Property Managers

Rental property accounting & tax

Rental income may look straightforward, but financing costs, repairs, capital improvements, CCA and eventual sale can create different tax results. We keep the records organized and help you understand how the pieces fit together.

Rental income and expense reporting
Mortgage interest and financing costs
Repairs versus capital improvements
Capital Cost Allowance (CCA)
Property taxes, insurance and utilities
Capital gains and potential CCA recapture

Different rental models

Long-term rentalsHomes, condominiums and multi-unit properties.

Student housingMultiple tenants, turnover and shared operating costs.

Furnished & mid-term rentalsCorporate housing and extended-stay accommodations.

Property-management businessesManagement-fee income, contractors and corporate reporting.

Planning for what comes next

Purchasing another property, completing major renovations, refinancing, changing use or preparing to sell can all create tax consequences. Planning before the transaction usually gives you more flexibility than reviewing it afterward.

Personal vs. corporate ownership

Incorporating a rental business is not automatically better. The right structure depends on the type of rental activity, financing, other income and long-term plans. We help evaluate the trade-offs before a structural change is made.

Clear accounting for growing portfolios

As a portfolio grows, property-level reporting becomes more useful. Accurate records can show cash flow, operating costs, capital expenditures and profitability by property while keeping tax filings organized.