Rental property accountants in Canada

Reporting that holds up across years, not just this one

Rental property reporting is cumulative in a way that ordinary business income is not. What was claimed against a property in earlier years, how the purchase and any later improvements were recorded, and whether costs were treated as current or capital all follow the property forward and matter most in the year it is eventually sold.

HBT prepares the rental schedules, keeps a record of what was claimed against each property and when, and reports the income whether the properties are held personally or through a corporation. Where a property is being added, refinanced or sold, we set out what information will be needed before the transaction rather than after it has closed.

What a rental engagement covers

How the work begins

1. 1

   Step 1: Tell us what you hold

   How many properties, how they are owned, and when each was acquired.

2. 2

   Step 2: Scope and price agreed

   Priced per property and on the condition of the records, confirmed before work starts.

3. 3

   Step 3: Ready before you sell

   The history kept in a state where a sale does not require reconstructing several years of records.

What does rental property accounting cost?

A rental property return starts at $450. An individual personal return starts at $65 and a business owner or self employed return at $350. Where properties are held in a corporation, a corporate year end with the T2 return starts at $2,500. Amounts are starting prices plus GST or HST where it applies and depend on the number of properties and the condition of the records. The fee is confirmed before any paid work begins.