Ontario REALTORS® can incorporate a Personal Real Estate Corporation (PREC) under TRESA. The single-registrant model, RECO registration, the deferral and income-splitting tax math, and the eight setup steps from Insight Accounting CPA Professional Corporation.
The annual year-end tax planning checklist for Canadian owner-manager CCPCs in 2026 — salary vs dividend mix, RRSP $33,810 and TFSA $7,000 room, bonus accrual 180-day rule, capital loss harvesting, CDA payouts, prescribed-rate spousal loans at 3%, LCGE $1,275,000 crystallization, and December-31 deadlines. By Bader A. Chowdry, CPA, CA, LPA.
T1135 is Canada’s mandatory foreign property reporting form for residents holding specified foreign property with a total cost over $100,000 CAD at any point in the year. Penalties for late or unfiled returns range from $2,500 to $24,000, with 5% of asset value for sustained non-compliance. The 2026 thresholds, simplified vs detailed reporting, and the VDP relief path from Insight Accounting CPA Professional Corporation.
Every Canadian trust hits a deemed disposition under paragraph 104(4)(b) on its 21st anniversary — taxing accrued capital gains as if all capital property were sold at fair market value. Budget 2025 amended subsection 104(5.8) to capture indirect trust-to-trust transfers. The 2026 planning playbook from Insight Accounting CPA Professional Corporation.
Bill C-15 repealed the federal Underused Housing Tax for 2025 and later years. But 2022–2024 returns and penalties still apply, foreign owners and non-Canadian corps still file, and provincial and municipal vacancy taxes are unaffected.
The capital dividend account is the most tax-efficient way to extract cash from a Canadian CCPC. After the 2026 inclusion-rate change, every $100K of capital gain feeds $33,333 to the CDA instead of $50,000. Mechanics, election timing, and a worked example from Insight Accounting CPA Professional Corporation.
Effective October 1, 2025, the CRA Voluntary Disclosures Program was overhauled. Single framework, softer voluntary test, 100% penalty relief and 75% interest relief for unprompted applications. Practical filing checklist.
Canada’s capital gains inclusion rate rose to two-thirds on personal gains above $250,000 and on all corporate and most trust gains, effective January 1, 2026. Here is the practical owner-manager playbook from Insight Accounting CPA Professional Corporation in Mississauga.
Ontario GC Avoids $340K Lien Act Exposure via Proper Holdback Trust Account. Composite case study. Real Canadian real estate tax mechanics, anonymized client details. By Bader Chowdry, CPA, CA, LPA.
Mississauga Townhome Developer Recovers $94K via Lot-by-Lot Costing. Composite case study. Real Canadian real estate tax mechanics, anonymized client details. By Bader Chowdry, CPA, CA, LPA.
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