Mogul CPA

Mogul CPA Supercharging taxes & in-house accounting for Real Estate Developers, Property Managers & Investors

09/15/2026

Management fee planning is a key consideration for real estate groups in Canada and careful consideration needs to be placed on this. The management fee needs to be supportable in the case of an audit, and Sales tax considerations are important in residential RE Group.

09/10/2026

Quebec’s TP-1086 applies to anyone who paid for renovation, improvement, maintenance or repair work on a property used to earn income — as owner or property manager. If you're not on top of this it could cost you two hundred dollars per year for each contractor you fail to report per year.

09/08/2026

An Ontario landlord incurred common area costs from 2009 to 2011, didn’t invoice until 2013, then argued the limitation clock started at invoicing. The Court of Appeal said it ran from when the charges were incurred, so the claim was statute-barred. Late recoveries aren’t just awkward. Past a point, you could loose your right to claim them.

09/03/2026

The T5018 reports payments to subcontractors. You only have to file if more than half your income for the period comes from construction. Real estate entrepreneurs often miss this in their construction entities and this can put you at risk of thousands and thousands of dollars of fines and penalties.

09/01/2026

When a corporation earns investment income, a very significant poriton of the tax the corp pays is actually REFUNDABLE. It sits in a pool until you pay a taxable dividend. It doesn’t expire. It also doesn’t move on its own, which is why owners who sold a property years ago often still have it sitting there.

08/27/2026

The structure of the management company is a very important concept for property managers that manage their own properties. Setting this up incorrectly could cost you A LOT of additional taxes if you don't set it up properly.

08/25/2026

Selling shares instead of the property means the company never disposes of the building. So no recapture on the depreciation claimed, no gain at the corporate level, and the existing cost base stays put. But the buyer inherits that low cost base and prices the embedded tax into the deal.

08/20/2026

If you have had taxable passive income (including capital gains, taxable rental income) in the past, you the CRA likely owes you a sizable cheque! Make sure your accountant is on top of these refundable income taxes.

07/01/2026

It’s so important get current in any unfiled tax returns and bookkeeeping, in order to do actual tax planning for the future and minimize taxes, penalties and interest.

06/29/2026

It’s VERY important to watch out for shareholder loans on your corporations balance sheet accounts. Easy pickings for CRA and RQ auditors.

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Montreal, QC

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