Real Estate

Many financially successful people have attributed at least part of their success to an involvement with real estate in one form or another.

We understand that this industry has specific challenges, compliance needs, industry standards and specialized tax nuances. We know that success in the real estate industry takes effective long-term strategic planning and good management of day-to-day operations.

We have worked with a diverse range of clients in the real estate industry, including commercial and residential developers, investors, brokers and agents, attorneys, and insurance providers.

We help our clients address the most common issues real estate industry professionals face during acquisition, development, holding and selling property.

Specifically, we can assist you in the following ways:

  • Objectively assess both financial and other considerations of a potential real estate venture opportunity;
  • Review whether property acquisitions should be made on a personal or corporate level;
  • Determine the tax impact of net rental activity on an annual basis;
  • Analyze the potential sale of a real estate venture and look at the tax minimization opportunities available through the use of reserves, capital dividend declarations & timing of property sales.

Client Testimonials
  • " Michaelís firm has handled my tax and accounting needs for many years. He walked me through a difficult and complex corporate buy out, as well as advised me many times on various business activities. †I can call anytime to get assistance with HST, payroll, tax planning and retirement planning. Some of my business dealings are not typical and Michael and his team always provide prompt answers and welcome challenging business and tax situations. Helen, Lynda and the rest of his staff are pleasant and accommodating. I know I have minimized my taxes because of Michael's vision and exceptional ability to plan for the future. All this is provided with at a fair and reasonable cost. †I will continue to be a long time client of Michaelís firm. "

    Ruth Sommers - RESE Holdings Inc

  • " I have used Mikeís firm for several years and have always found Mike and his staff (Helen and Lynda) to be knowledgeable with regard to my tax affairs. Itís important for me to feel confident when dealing with CRA Ė with Mikeís firm, their expertise, and detailed preparation, I have that confidence when my personal and business returns are filed. "

    Ed Tracy

  • " We have been involved in planning and developing a small subdivision for the past several years. As the work and tax implications became more demanding and complex, we realized we needed to retain an accountant to advise and keep us on track. We were referred to Michaelís firm by a business acquaintance. At the initial meeting we explained our situation and what we hoped to achieve and asked Michael for his advice on how to best accomplish same. He provided clear cut solutions for organizing our paperwork, HST advice and the best options for the timing of selling our lots to maximize our return while still following the letter of the law with regard to income tax. We continue to be impressed with the advice and recommendations provided to us. Michael is always available to meet with us for pre-tax year questions on short notice. He and his staff are helpful, well informed and respond to any questions we have in a friendly and timely manner. We definitely would not hesitate to recommend Michael for anything to do with business or personal tax returns - his advice has been invaluable. "

    Dan & Karen Henderson

  • " Mike and his staff have been helping with our personal and corporate accounting since we moved to the Barrie area over 14 years ago. His planning and advice on our various companies and personal returns have been very helpful. I especially appreciate how well we communicate and come to a quick but well thought out tax strategy going forward. His hand picked staff like Helen and Lynda share the same conscientious and caring manner. They are good people. Don't hesitate to use their services. "

    The Howard Family - H E Developments

  • " Mikeís firm was referred to us by a mortgage broker that we use for our real estate ventures. From the onset of our first meeting my wife and I immediately knew that Mike was a good fit to be part of our team of advisors we were building. He took the time to explain things slowly in a manner which we could easily understand. His patience was evident as we had an endless blast of "what ifís" and "can you explain that" questions as he laid out the landscape of how our real estate journey would look like from a tax perspective. His team is extremely professional and thorough Ė the many emails and texts that were sent back and forth gave us a true sense of their personal approach!! I would definitely recommend Mike and his staff to any new or seasoned real estate investors - we know we are in good hands moving forward. "

    Dan Spencer & Sheila Currie - Real Estate Investors

  • " We have been using Michaelís firm as our accountant for over 10 years and we have been very happy with their services. Mike is very knowledgeable and is always a true professional. He has provided us with great advice regarding our taxes and real estate investments and has directed us to very good people regarding financial investments. It is without hesitation that we recommend Michaelís firm to our family and friends. "

    Jason & Angela Pino