Real Estate Canada Accountant

[Muhammad Tariq]

Hi,

I recently started my real estate investing journey. I am currently house hacking a duplex in Grande Prairie, Alberta which I bought this past July. 

Should I hire an accountant to do my taxes for this year or should I try to do them myself? I do my personal taxes myself but wasn't sure if I should try doing them for rental property?

Thanks in advance.

[Akeem Young]

@Muhammad Tariq

Hi, I also house hack in Grande Prairie like yourself. We’ve used house hacking to acquire 3 properties thus far.

To answer your question, I’d recommend using an accountant. This way you’ll be sure to take advantage of all the tax benefits available to you. The cost is not very much in the grand scheme of things, and there is a lot less headache for you to deal with so you can focus your energy toward the things that move you closer to your goals.

I’m happy to refer you to an accountant that I use and trust if you’d like.