Industry · Real Estate Investors
Bookkeeper for real estate investors —
CCA, rental income & T776 handled.
Real estate investing creates financial complexity that generic bookkeepers aren't built for. Property-level P&L, CCA depreciation schedules, mortgage interest segregation, and GST/HST on commercial rents — we handle it all.
What you get every month
- Net operating income per property (monthly)
- Mortgage interest vs. principal split
- CCA depreciation schedule (annual)
- GST/HST return for commercial rents
- Repair vs. capital improvement classification
- T776 rental income schedule (year-end)
- P&L, balance sheet, and cash flow by the 15th
Who this is for
Residential landlords
- Single-family rental property owners
- Multi-unit (duplex, triplex) investors
- Condo rental investors in Toronto
Commercial property investors
- Retail and office building owners
- Mixed-use commercial/residential
- Short-term rental operators (AirBnB)
Cross-border real estate
- Canadians with US vacation properties
- US rental income and FIRPTA compliance
- Multi-entity property holding structures
The Challenge
Why real estate bookkeeping requires dedicated expertise
Most real estate investors track income and expenses in a spreadsheet and hand it to their accountant at tax time. The problem: without property-level monthly tracking, you don't know which properties are performing and which are quietly dragging down returns — and your CPA has to reconstruct a year's worth of transactions every April.
We set up property-by-property bookkeeping in QuickBooks or Xero, maintain CCA depreciation schedules, segregate mortgage principal from interest, and deliver a complete T776-ready package to your CPA at year-end.
Client perspective
"I had 4 properties and no idea which ones were actually making money. North Ledger set up property-level tracking and one of my 'best' properties turned out to be losing $400/month after all costs."
Real estate investor, Toronto
What We Do
Our core services for this industry
Property-Level P&L
Revenue and expenses tracked by address. See net operating income per property every month — not just a combined total.
CCA Depreciation Schedules
Class 1 and Class 3 CCA calculated at CRA-compliant rates for each property's building value. Maximum allowable claim tracked.
Mortgage Interest Segregation
Each mortgage payment split into interest (deductible) and principal (not deductible) using your amortization schedule.
GST/HST on Commercial Rents
Commercial rental GST/HST applied and ITCs claimed on expenses. Residential rents correctly exempt. Filed quarterly.
T776 Year-End Package
Rental income schedules organized by property and delivered to your CPA — ready to file with your personal or corporate return.
US Property & FIRPTA Compliance
USD bookkeeping for US-held properties, FIRPTA withholding tracking, and T1135 foreign property disclosure support.
Tax Compliance
GST/HST and CCA rules for Canadian real estate investors
Two of the biggest opportunities for real estate investors — GST/HST input tax credits on commercial properties and CCA depreciation on buildings — are also the most commonly missed.
Building Depreciation (4%)
The building portion of your rental property (excluding land) depreciates at 4% per year under CRA Class 1. Claiming CCA reduces taxable rental income — but cannot create or increase a rental loss. We calculate the optimal claim each year.
Input Tax Credits on Commercial
If you own commercial rental property, GST/HST you pay on expenses — repairs, management fees, professional services — is recoverable as an ITC. Residential landlords are generally exempt from this but also cannot claim ITCs. We separate the two correctly.
Foreign Property Disclosure
Canadians holding foreign property (including US real estate) with a cost exceeding $100,000 CAD must file a T1135 annually. We track the cost of your US holdings and coordinate the disclosure with your cross-border CPA.
Pricing
Most real estate investors clients start on the Growth plan. Most investors with 2+ properties need multi-account reconciliation and full reporting.
FAQ
Common questions
GET STARTED TODAY
Know the true return
on every property you own.
Property-level P&L, CCA schedules, and T776-ready packages included. Stop guessing which properties are performing.
Your free quote includes:
- Full review of your current bookkeeping setup
- CRA / IRS compliance gap identification
- Custom quote based on your transaction volume
- Clear onboarding timeline — starting within 5 business days
- No pressure, no hard sell
No contracts · Cancel anytime · CAD & USD billing
See Pricing →