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Real Estate Agents: Home Office and Broker Desk Fees
How Canadian real estate agents can assess home-office costs and brokerage desk fees without double-counting an expense.
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Accountly Team·Built for self-employed
One app for Canadian real estate agents
Track desk fees, MLS dues, mileage, and home office in one place. Your T2125 totals update as you go. No scrambling at year-end, no shoebox of receipts for your accountant.
Start free for 30 daysNo credit card required
Commission in. Expenses everywhere.
Real estate is high-revenue, high-expense, high-paperwork. Vehicle costs, desk fees, MLS dues, marketing, the broker's split, the home office. Record them in Accountly as they happen so April starts with organized records.
Track every commission, broker split, and refund
Log gross commission, then record the broker's split, transaction fees, and brokerage adjustments. Use the totals to reconcile your records with T4As before filing.
Gross commission and net commission tracked separately- Brokerage splits and transaction fees as expenses
- GST/HST amounts recorded for review
Mileage that holds up to a CRA review
Showings, listing photos, open houses, broker meetings. Log kilometres against trips and Accountly stores it with the rest of your records. Pair with fuel, insurance, and maintenance receipts for a clean vehicle deduction.
- Log business-use kilometres trip by trip
- Capture fuel, maintenance, insurance, and parking
- Business-use percentage from classified trips
T2125-ready, all year round
As you log income and expenses, your T2125 category totals update. Review the breakdown yourself or share the supporting records with your accountant.
- T2125 totals update in real time
- Attach a receipt or note to each expense
- Invite your accountant for read-only or edit access
Deductions real estate agents actually claim
Built into Accountly's categories, not buried in a generic accounting app.
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MLS & board dues
Local board fees, MLS subscriptions, and CREA dues are all deductible business expenses.
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Brokerage desk fees
Monthly desk fees, transaction fees, and brokerage splits. Every dollar tracked and deducted.
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Vehicle & mileage
Showings, listing visits, open houses. Log kilometres and the business-use percentage of your auto costs.
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Home office
If you do real work from home, claim a percentage of utilities, internet, and rent or mortgage interest.
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Marketing & advertising
Listing photos, signage, social ads, mailers, business cards, all deductible.
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Continuing education
Courses, designations, conferences. RECO, OREA, and provincial education count.
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Phone & internet
Business-use portion of your phone bill and home internet.
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Professional fees
Accountant, lawyer, errors-and-omissions insurance, professional liability.
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Client gifts & closings
Closing gifts, client meals, and reasonable entertainment expenses.
Real estate tax guides
Specifics, deadlines, and the math, written for Canadian agents.
Guide
Tax Season Guide for Real Estate Agents: Filing Your T2125 on Commission Income
Step-by-step guide for Canadian real estate agents filing their T2125. Commission income, GST/HST, vehicle expenses, and key deadlines.
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Accountly Team·
Guide
Taxes, Bookkeeping, and Accounting for New Canadian Real Estate Agents
A complete guide to managing taxes, expenses, and accounting as a new real estate agent in Canada.
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Accountly Team·
Guide
Becoming a Real Estate Agent in Canada
A complete guide to getting your real estate license in Canada, from courses and costs to choosing a brokerage and surviving your first year.
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Accountly Team·Real estate agent FAQs
Is Accountly built for Canadian real estate agents?
Yes. Accountly is built for self-employed Canadians, including commission-based agents who file a T2125. Categories like MLS dues, desk fees, vehicle, and home office are set up the way the CRA expects.
Does Accountly handle the T2125 for commission income?
Yes. As you log income and expenses, your T2125 totals update automatically. You or your accountant can review the breakdown by line item before filing.
Can I track mileage between showings and listings?
Yes. You can log kilometres against business-use trips. The CRA requires a logbook for vehicle deductions, and Accountly stores that with your records.
Should I claim home office or my brokerage desk fees?
Often both. Desk fees are a flat deduction for using brokerage space. Home office is for the percentage of your home used for real estate work, paperwork, calls, prep. Many agents claim each for the way they actually use them.
When do I need to register for GST/HST as a real estate agent?
Registration is generally mandatory when worldwide taxable revenue exceeds $30,000 in one calendar quarter or across four consecutive calendar quarters. The effective date and collection rules depend on which threshold you cross.
Can I share my books with my accountant?
Yes. Invite your accountant directly into your Accountly account. They get access to your books and the T2125 totals, no email back-and-forth, no missing receipts.