SDG Accountant


Residential And Commercial Real Estate Landlords

With the constant evolution of financial & tax issues for real estate organizations, having an accountant with demonstrated expertise in this area is crucial for success. If you are a residential or commercial real estate landlord looking for accounting and tax support, then you are in the right spot! As a team of Toronto’s best accounting professionals, SDG Accountants are here to deliver outstanding financial services in this rapidly growing industry.

Accounting for residential buildings and commercial complexes require different treatments and knowledge. Challenges can arise if the expenditures for both building types are not adequately tracked and documented. SDG Accountants offer a variety of services to meet these needs.

Property Accounting:

We are here to help commercial and residential landlords on the financial side of real estate. We specialize in resolving the many financial requirements needed for the acquisition and disposition of property. We also actively participate in other areas of the due diligence process.

Some other services included with property accounting are: maintaining asset and fund records, preparing portfolios, drawing up budgets, setting up escrow accounts, drafting statements, and monthly bank reconciliation, maintaining and amending working papers, following up on monthly and annual general ledger account reconciliation, ensuring the abidance of relevant laws, processes, policies, and deadlines, and bookkeeping for property accounting, including accruals for operational expenditures, income accruals, amortization, depreciation, and any other entries.

Liability Recognition

Supplier invoices can be account payable on receipt, either with terms or due. Loan payables are other significant liabilities accounts that keep track of long-term debt or ongoing debt. If you have a long-term mortgage on a property or a renovation loan, it is essential to maintain those accounts to understand your property portfolio’s total value.

Rent Receivable Accounting

Essentially, rent receivable accounts are accounts to maintain as they are the rents paid. In an ideal scenario, there should be no receivables after 30 days. More significantly, at the beginning of each month, receivables should be tied to the monthly rent rolls charged.

Operating Cost Recoveries

Commercial or residential leasing mostly use cost recoveries. A commercial lease generally describes a base rent that can be measured as a dollar amount per month, six months, or year but is more likely to be calculated as an annual dollar amount per square foot of rentable space occupied by the tenants. In order to cover expense reimbursements, an individual commercial lease may require extra rent over the base sum. Discuss with us with more details of typical operating expenses recoveries.

Capital Expenditures & Tax Planning

In any real estate investment, capital expenditures are an essential factor to consider for tax planning. Typical capital expenditures for residential and commercial real estate include investment funds, equipment, and other fixed business assets.  Since the costs associated with these improvements are usually substantial, many property owners would set aside reserves for capital costs. Discuss with us your concerns with certain capital expenditures and future tax planning.

Analysis of Sale or Purchase of Real Estate

Markets in real estate are dynamic. At any given moment, changing economic factors, changes in supply and demand, or property sales and income will affect property value. As a real estate investor, it is necessary to understand how to use and perform an analysis of the real estate market.

An analysis of the real estate market is a comprehensive property analysis that helps identify the value of a commercial or residential property. Market analysis identifies market patterns such as market area average rental rate, vacancy rate, and supply and demand. It looks at the comparable properties (comps) and uses related property sales data in terms of attributes, location, and property type to derive a price range or possible sales price.

Budgeting & Forecasting for Commercial or Residential Business

We conduct budgeting and forecasting for commercial and residential owners. Provided are comprehensive assessments and comparisons of current and future income and expenditures. With our data, we produce multiple forecasts in various scenarios. It includes property acquisition or disposal, estimates of significant tenancy changes, or substantial changes in seasonality and weather that may affect property operations based on different potential market conditions. Our models cover a variety of assumptions to create the most accurate and insightful forecasts.

Year-End Statements & Tax Preparation

We offer year-end statements and tax preparation services for real estate landlords. The CRA has specific property rental rules to follow: Capital Cost Allowance – is specified to the class of asset. For example, buildings may be depreciated, but land can never depreciate. We guide you on how to depreciate your capital assets.

Personal occupation of a rental unit – we can guide you on claiming portions of personal use and business use of your real estate property.

Co-owned property – we will guide you on reporting the percentage of ownership on each owner’s income tax return.

Disposition of property – we can guide you to determine whether you have capital gains or loss as well as recapture or terminal loss.

Accounting for Mortgages & Covenant Compliance

To ensure your funding fits your financial goals, we can consult you on the different financing options available and which is the right fit for your real estate property.

The primary source of financing available for a commercial real estate acquisition is a mortgage loan.

Working capital loans are mostly short-term loans intended to help landlords pay for their growing investments and are handy for acquiring and leasing real estate.

Deductibility of Expenses for Tax Purposes

According to the CRA, Mortgage Interest, Property tax, Maintenance, Capital Cost Allowance (CCA), Professional Fees, Management Fees, and Salary expenses are some of the expenses you can claim against real estate income. We will assist you in claiming the maximum allowable deductions to lower your tax payable. Be sure that all receipts are retained for reporting real estate expenses if you are audited or otherwise required to submit receipts to verify your claims. Your claims will possibly be excluded if you do not provide them.


SDG Accountants is a reliable partner providing excellent accounting and tax services for residential and commercial real estate landlords. If you want premium service at a fraction of the price, SDG has got your back. 

Book a free 15 minutes, no-obligation consultation to get more information about how we can help you with your specific needs.

Tell us your goals and the expertise you need – and we’ll build it!

Call Us


“Timely, Reliable and Knowledgeable service. I filed my taxes with Sami and his team and they provided the Next Day service of my return, which is incredible. Also, with the highest refund, I have seen on my taxes to date. I attribute this to their diligence and attention to detail. Very thankful I chose to file my Taxes with them and the fact that they communicated with me along the way.”

Ucal Ukes

“I switched from being an employee to an independent contractor and SDG was able to give me the right tax tips I needed… thanks team I will be coming back to you come tax time.”

Sam Faris

“I would highly recommend SDG Accountant Ltd. as a complete and reliable tax filing return. The agency’s consistency and professionalism were far more superior then other firms I have dealt with before. Their attention to detail and commitment to each client is what sets them apart from other firms. I was very satisfied with their work ethic, and believe it would be very beneficial to any business or individual.”

Brenden Woodrow

“Sami and his firm have provided me with tax preparation and related tax counsel/advice for my business tax returns from 2013 through 2015 and maintaining my business books. He has been knowledgeable, reliable, efficient and demonstrated great integrity across the work he has done for me and my small business. He is also friendly and enjoyable to work with. I will continue to use Sami and his team for my tax and business needs and I highly recommend them.”

Jairah Bernabe

“SDG Accountant gets the job done quickly and with no hassles. When you want to maximize your return within the guidelines of the CRA, SDG is the right choice. They ask for all the information they’ll need up front, and once they have it, your return is ready in the next couple of days. Would highly recommend, I know where I’m going for tax year 2016!”

Trevor Gonsalves

“I had an enjoyable experience with Sami and his team, while I was filing my taxes this past weekend. It was quick, professional, and worth the money as well. I filed them on Saturday and got my T4 summary emailed back to me the next day. I highly recommend SDG Accountant Ltd for your tax needs.”

Bechara Khoury

“Sam, probably the most well dressed, professional, fast and easy accountant. He really did a great job at filing my taxes!”

Dean Sazdanovski

“Sami at SDG Accountant was fantastic. He was very efficient and professional. He thoroughly answered all of my questions and was very knowledgeable. I would highly recommend him and the SDG CPA firm.”

Kristina B

“What a pleasant experience! So professional, timely and efficient. Sami was helpful and knowledgeable, he answered all my questions and concerns. Very happy with the outcome and will be returning!”

Melissa Downman

“SDG accounting is by far the best experience I have ever had. They are quick, knowledgeable and very efficient. I know that I will be going back to Sami and Andrew every year. They went above and beyond! I highly recommended anyone needing tax or accounting services to get in touch with these gentlemen.”

Kayla O’Driscoll

“Approached SDG for a CRA issue I was dealing with. I sat down at their downtown office and in a matter of a few weeks my issue was fully resolved. I cannot thank you enough for all of the help. I look forward to working with your team in the future if the need arises!!!”

Kristen Walsh

“What Stands out about this firm is they’re very personable with their clients. As a dual citizen, I am limited in my options for firms who can handle both U.S. and Canadian returns and file them accurately. I approached SDG and they have a U.S. Tax lawyer on the team who works closely with their CDN office to ensure that foreign tax credits are being claimed properly. I am glad I found this firm as I will be looking forward to working with them for years to come!!!!”

Matt V

“I approached SDG accountant for my accounting and tax needs. I run an online marketing company and wanted to get the best possible tax planning scenario. Sam sat down with me and listened to my goals and what I wanted to accomplish in the next few years. He worked out a strategy and gave me processes to help my business finances be more organized. As an owner of a small corporation, I can trust SDG to deliver professional services at a reasonable price. Thank you guys and I look forward to continued satisfaction.”

Jake Solomon

“Great Experience Working with SDG Accountant. Smooth Process with Effective, Timely and Professional Service. Would Highly Recommend them.”

Scott Woodward

“Amazing service!! I was impressed with the quality of service and professionalism. I would choose SDG Accounting over H&R Block any day… quick and easy nothing beats them!”

Antonia Petre

“The whole experience was amazing!! So timely, professional and efficient, Sami filed my taxes as soon as I had sent him all the necessary documents with zero hassles. He will certainly be my accountant in the next few years! Thank you!”

Rita Houkayem

“SDG Accounting consistently helps me with my personal and small business accounting. It’s difficult to keep up with all my finances and I couldn’t appreciate the help more than I already do. Thanks a lot for the constant advice and returns.”

Waleed Ali

“I have been using the services from Sami as my accountant for years now, and he is an absolute lifesaver. He and his team at SDG Accountant helped me out of a messy situation from my previous accountant and my businesses are thriving now. Much more than just accounting, business and tax advice is second to none. I highly recommend SDG Accountant to anyone who is serious about their business and going to the next level.”

Anthony Alfonsi

“Dear Sami and Andrew Thank you very much Gentlemen for being able to resolve my issues with the CRA. You’ll have been a very professional organization that treats clients’ issues very seriously and with respect. I am so glad that I found you’ll online, my previous company took so long and finally I just gave up on them. I and my wife thank you once again and wish you all the very best. Thank you once again.”


“By far the best tax experience I’ve had. SDG Accountant is an effective and efficient firm that offers professional yet personal service. They took the time and energy to make this an effortless process and got me back more than I could hope for. Very knowledgeable. I will be using them for years to come. Thanks!”

Brandon Booth