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Tax for Mortgage Brokers

Tax for Mortgage Brokers and Agents

Commission income, the right business structure, and deductions that hold up. Your return is prepared and filed by a CPA, so your filing is accurate, compliant, and ready for CRA review.

Book a free consultation Call (613) 410-8202

★★★★★ 5.0 from 80+ Google reviews

CPA preparing a tax return for a mortgage broker with commission income

Full service tax, prepared by a CPA

Commission income deserves a real tax strategy

Mortgage income is not salary. It arrives in uneven bursts, often flows through a brokerage that reports it on a T4A, and carries splits, referral fees, and business costs that all shape your final tax bill. This is a full standalone accounting service. We look at how you earn, decide the structure that fits, and prepare a return that stands up. Every filing is prepared and filed by a Chartered Professional Accountant.

The big decision

Incorporate or stay self employed?

Self employed as a sole proprietor

Simpler and lower cost to run. You report commission income and business expenses on your personal return. It often suits agents in earlier or steadier income years. See our self employed tax service.

Incorporated as a corporation

Can offer tax deferral and income planning once earnings grow and you do not need all of it personally. It brings a separate corporate tax (T2) return and more admin. We help you weigh the tradeoffs.

Talk through your structure with a CPA

Returns we prepare

Tax filing built around your business

Self employed returns

Commission income and business expenses reported the right way on your personal return.

Learn more →

Corporate tax (T2)

Federal corporate returns for incorporated brokers, filed within six months of your year end.

Learn more →

Personal tax (T1)

Your personal filing, coordinated with your business income so nothing is double counted or missed.

Learn more →

Deduction review

We identify the write offs your business genuinely supports and leave out the ones that invite trouble.

Learn more →

Deductions that hold up

Claim what your business truly supports

Marketing and advertising

Lead generation, online ads, signage, and the tools you use to bring clients in.

Referral fees

Amounts you pay to partners for referred business, recorded and claimed correctly.

Vehicle costs

The business share of your driving, supported by the log and records CRA expects.

Home office

A reasonable portion of home costs when you run your business from a workspace at home.

Client reviews

Rated 5.0 by our clients on Google

    
 
 
         
   Robby Brown 
 
 
 
 Trustindex verifies that the original source of the review is Google. E-commerce can get complicated fast with fees and multiple payment platforms. Better Books Canada broke it down in a way that actually made sense. Reports arrive on time and highlight what needs attention. It’s been easier to focus on growth instead of trying to reconcile transactions late at night.
  
 
        
   Emily Tomlinson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Books are current and organized. Makes day to day operations easier. Happy with the support!
  
 
        
   Ezekiel Luanda 
 
 
 
 Trustindex verifies that the original source of the review is Google. This firm is amazingly detail focused and client centric. I have been using them since the conception of my business and without their expertise and dedication to the numbers of it all I would not be able to flourish the way I am. Furthermore, Bashar is personable, patient, incredibly knowledgeable, timely, trustworthy, genuine and all around a total win to have on any team for financial services.
  
 
        
   Tatiana 
 
 
 
 Trustindex verifies that the original source of the review is Google. As a consultant working with federal clients in Ottawa, I needed someone who understood proper documentation and clean records. The team organized everything and set up consistent reporting so nothing slips through the cracks. It has saved hours every month. Things just feel under control now.
  
 
        
   wesley bailey 
 
 
 
 Trustindex verifies that the original source of the review is Google. Appreciate the consistency. Reports come in on time and make sense. That’s really all that was needed.
  
 
        
   Pierre Frederick 
 
 
 
 Trustindex verifies that the original source of the review is Google. Bashar is incredibly competent, knowledgeable and honest. He is not a bookkeeper that likes to meddle in grey areas. He has worked for the CRA and does everything he can to protect and inform his clients. He provides an incredible amount of value compared to the amount that he charges, and it’s truly been a pleasure working with him. I highly recommend Bashar if anyone is looking for bookkeeping services in Ottawa.
  
 
        
   Rehoboth Mubedi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Professional and well-run business. Bashar was friendly, efficient, and knowledgeable, and the office was clean and easy to access. Everything was handled smoothly from start to finish. Highly recommend.
  
 
  
  
 
 
      Verified by Trustindex  Trustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more

$10M+

accounts managed

1,000+

months of books completed

offices across the Ottawa region

5.0

average Google rating

Why brokers trust us with tax

Filing that stands up to review

Prepared and filed by a CPA

Your return is prepared and filed by a Chartered Professional Accountant, not seasonal software or a part time preparer, so it is accurate and compliant.

We understand commission income

T4A income from a brokerage, splits, clawbacks, and the timing of closings all get handled the way the mortgage business actually works.

Deductions with a paper trail

We claim what you are owed and nothing that puts you at risk, backed by records that support the return if CRA ever asks.

Fully virtual across Canada

Everything runs on secure digital records with no drop offs. We file for brokers and agents throughout Canada, not just in Ottawa.

Get your tax handled properly this year

Book a free 30 minute consultation. We will review how you earn, recommend the right structure, and tell you exactly what it takes to file it right.

Book your free consultation

Help center

Mortgage broker tax FAQs

Commission income is business income. If your brokerage reports it on a T4A, that amount still needs to be reconciled against your own records and reported with your deductible costs. We prepare the return so your income and expenses line up and nothing is missed.

It depends on how much you earn, how much you need to draw personally, and your plans ahead. Incorporating can create tax deferral and planning room but adds a corporate T2 return and more admin. We walk you through the tradeoffs and recommend the structure that fits your numbers.

Most financial services, including arranging a mortgage, are treated as exempt supplies for GST and HST. That affects whether you register and your ability to claim input tax credits. Because it turns on your exact activities, we review your situation before filing. See the CRA guidance on type of supply and the bulletin on the definition of financial service.

Costs your business genuinely supports, such as marketing, referral fees, the business share of vehicle use, and a reasonable home office claim. We only claim what your records back up, so the return can stand up to CRA review.

If you are self employed, you have until June 15 to file your personal return, but any balance owing is still due April 30. Incorporated brokers file their T2 within six months of their fiscal year end. We track your deadlines so you avoid penalties and interest.

No. Everything is handled online with secure digital records, so there is nothing to drop off or pick up. You share your documents digitally and we prepare and file from there, wherever you are in Canada. See the industries we serve.

Keep it seamless

Clean books make filing simple

When your records are current all year, your return comes together faster and with fewer surprises. Many brokers pair filing with our bookkeeping for mortgage brokers so income and expenses are ready the moment tax season arrives.

Book a free consultation Call (613) 410-8202

Locations

Find us across the Ottawa region

Downtown Ottawa

116 Albert St, Suites 200 & 300
Ottawa, ON K1P 5G3

(613) 410-8202

Kanata

1000 Innovation Dr, Suite 500
Ottawa, ON K2K 3E7

(613) 509-1309

Orleans

114 Chancery Crescent
Orleans, ON K4A 4N3

(613) 454-1399

Embrun

867 Notre-Dame St
Embrun, ON K0A 1W0

(613) 510-0230

Open Monday to Friday, 8AM to 8PM at every location.

Tax for Mortgage Brokers and Agents

Commission income deserves a real tax strategy

Incorporate or stay self employed?

Self employed as a sole proprietor

Incorporated as a corporation

Tax filing built around your business

Self employed returns

Corporate tax (T2)

Personal tax (T1)

Deduction review

Claim what your business truly supports

Marketing and advertising

Referral fees

Vehicle costs

Home office

Rated 5.0 by our clients on Google

Filing that stands up to review

Prepared and filed by a CPA

We understand commission income

Deductions with a paper trail

Fully virtual across Canada

Get your tax handled properly this year

Mortgage broker tax FAQs

Clean books make filing simple

Find us across the Ottawa region

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