Why Choose Kothai Accounting for Your Real Estate Tax Needs?

Navigating real estate taxes can be challenging without the right expertise. As a locally based Toronto practice, Kothai Accounting offers unique advantages:

• Toronto Market Knowledge: We understand the intricacies of the GTA’s real estate market, enabling us to provide strategies that align with local tax opportunities and regulatory requirements.
• Personalized Service: As a solo operation, we provide each client with one-on-one attention, ensuring a personalized approach tailored to your real estate portfolio.
• Compliance Focused: We help our clients stay compliant with provincial and federal tax laws, minimizing risks of penalties or audits while maximizing allowable deductions.

Our Real Estate Tax Services

Our real estate tax return services cover all aspects of real estate taxation for individuals in Toronto. Services include:

1. Investment Property Tax Returns
   We prepare and file tax returns specifically for investment properties, maximizing deductions related to property expenses, mortgage interest, and capital gains.

2. Rental Income Reporting and Deductions
   Whether you own a single rental unit or multiple properties, we ensure accurate reporting of rental income and identify eligible deductions for maintenance, repairs, and more.

3. Principal Residence Exemption Advice
   Our advisors provide guidance on the principal residence exemption, helping you understand the tax implications of your property sales and make the most of your exemptions.

4. Capital Gains and Losses
   We offer expertise in calculating capital gains and losses, providing strategies to reduce taxable gains and improve your tax position when selling properties.

Real Estate Professionals We Serve in Toronto

Kothai Accounting works with a variety of clients involved in Toronto’s vibrant real estate sector, including:

• Property Investors: Comprehensive tax support for those investing in Toronto properties, from single units to multi-property portfolios.
• Real Estate Agents and Brokers: Tax planning tailored to the unique income structures and expenses of real estate professionals.
• Short-Term Rental Owners: Advice on tax implications for Airbnb and other short-term rental properties, including HST considerations.

Whether you’re an experienced real estate investor or new to property investment in Toronto, Kothai Accounting offers customized solutions to optimize your real estate tax strategy.

Benefits of Working with a Real Estate Tax Specialist in Toronto

Navigating the real estate market’s tax requirements in Toronto can be complex. As a trusted tax practice in Toronto, Kothai Accounting is well-versed in local tax laws, ensuring that our clients meet their tax obligations while maximizing savings.

Our understanding of Toronto’s real estate landscape enables us to provide effective tax planning that safeguards your financial interests, giving you peace of mind as you build your real estate portfolio.