How We Guided a Brampton Real Estate Company Through Tax Planning and Compliance
A Brampton-based real estate company approached Gondaliya CPA seeking expert guidance on tax planning, deductions, and CRA compliance. With multiple property transactions, rental income, and development projects, the company needed professional support to optimize taxes, manage payroll, and ensure accurate filings.
About the Client
Business Type: Real estate company
Location: Brampton, Ontario, Canada
Previous Setup: In-house bookkeeping with limited formal tax planning
Key Challenges:
Managing taxes across multiple properties and revenue streams
Identifying eligible deductions and tax credits for property investments
Ensuring CRA compliance with rental income, development projects, and payroll
Minimizing audit risk while optimizing cash flow
Client Objectives
Maximize deductions and tax credits related to real estate operations
Ensure timely and accurate CRA filings
Maintain compliance across multiple revenue streams
Improve cash flow for reinvestment in properties and development projects
What We Did
1. Financial Review & Analysis
We reviewed financial statements, property transactions, and rental income to identify opportunities for tax optimization.
2. Tax Planning & Deduction Optimization
Our team calculated eligible deductions, including mortgage interest, property taxes, development costs, and eligible capital expenditures.
3. CRA Compliance & Reporting
We prepared and filed corporate tax returns, rental income reports, and payroll filings to ensure full CRA compliance.
4. Ongoing Advisory Support
We advised on year-round tax planning strategies, record-keeping, and property-related compliance to reduce future tax liabilities and audit risks.
Results
Optimized deductions and tax credits, reducing overall tax liability
Accurate CRA filings across multiple revenue streams and properties
Improved cash flow for reinvestment in development projects
Reduced administrative burden on management
Enhanced long-term tax planning for property portfolio growth
Summary:
Brampton real estate companies rely on Gondaliya CPA for tax planning, deduction optimization, and CRA compliance, enabling them to reduce taxes, improve cash flow, and reinvest in growth.