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Real estate tax in Vaughan, Ontario

Tax filing and planning for landlords, investors, flippers, builders and home sellers.

Book a free consultation (647) 527-4970
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How we help in Vaughan

Real estate is often the biggest financial move in a person's life, and the tax rules are full of traps. We help owners, landlords and investors keep more of their gains and stay on the right side of the CRA.

Whether you operate a warehouse in Concord, a practice in Woodbridge or a company near the Vaughan Metropolitan Centre, we set up the accounting, HST and payroll to match your operations.

We prepare rental income statements, calculate capital cost allowance and advise on the principal residence exemption and on reporting property sales. Homes held for a short time can be treated as business income under the property flipping rules, which we look at before you sell.

For builders and renovators we also handle GST/HST on new housing and related rebates.

What is included

  • Rental income and expense statements
  • Capital gains and principal residence reporting
  • Property flipping rule and business income analysis
  • Capital cost allowance planning
  • GST/HST on new housing and rebate claims
  • Buying through a corporation or partnership review

Who this helps in Vaughan

  • Landlords and rental property owners
  • Real estate investors
  • Home sellers and inheritors
  • Builders and renovators

Want the full picture? Read more about our real estate tax service or see everything we offer in Vaughan.

How it works

A simple process from first call to finished work.

  1. 1

    Free consultation

    Tell us about your situation by phone, video or the contact form. We listen first and ask the right questions.

  2. 2

    A clear plan and quote

    You get a plain-language scope of work and a fee quote before anything starts, so there are no surprises.

  3. 3

    We do the work

    We prepare, file and reconcile everything, and you review a clear summary before it goes to the CRA.

  4. 4

    Ongoing support

    Questions in March or September are welcome. We stay available all year, not just at tax time.

Other services in Vaughan

Real estate tax in Vaughan: FAQ

Quick answers to what people ask us most.

Do you offer real estate tax in Vaughan?

Yes. We provide real estate tax to individuals and businesses in Vaughan and York Region. You can meet with us by phone or video and share documents securely online. Call (647) 527-4970 to get started.

Do I pay tax when I sell my home?

If the property was your principal residence for every year you owned it, the gain is generally exempt. You still have to report the sale on your return. The rules are more complex if you rented part of the home or owned it as a residence for only part of the time.

What is the property flipping rule?

Since 2023, a residential property owned for less than 365 days is generally treated as inventory, so the profit is taxed as business income instead of a capital gain. There are exceptions for certain life events such as death, separation or a job change.

Can I deduct expenses on my rental property?

Yes. Common deductions include mortgage interest, property tax, insurance, repairs, property management fees and utilities you pay. Capital improvements are treated differently, and claiming capital cost allowance is optional.

How much does real estate tax cost in Vaughan?

Fees depend on the scope and complexity of your situation. After a free consultation we give you a clear quote before any work begins.

Let's talk accounting

We reply within one business day.