REAL ESTATE
The real estate industry is vast, spanning from commercial and residential owners, to investors, developers, design-build companies and finance providers. RMR works with all of those sectors on important issues including assurance, tax, and advisory services to help achieve your goals.
We can help with designing the right structure and work through important tax planning consideration form the outset. With real estate its important to start the plan with the end in mind! Recent issues of importance to those in the industry include the federal underused housing tax, new property flipping rules, and new HST rules designed to encourage multi unit housing development - we will provide insight and guidance.
Our team of experts have experience working with leaders in the real estate and construction industries.
Our key areas of expertise include:
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Structuring real estate investments can take many forms; each form of ownership comes with advantages and risks that you need to get right at the outset – there is little opportunity to correct later. Whether the purchase of a real estate investment is structured as a partnership, a co-ownership or through a corporation is driven off the tax, financing and control objectives and strategy of the ownership group.
For transactions where a management team is raising capital from investors its important to carefully design the carried interest for the managers and ensure that it creates the right balance between manager and investor interests.
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We have served as the auditors for a wide range of mutual fund trusts and limited partnerships in the real estate sector.
Transparency for investors is important. We work with developers to ensure that useful quarterly and annual financial information is provided to clients while completing our audit obligations. Our carefulness and efficiency provides audits and reviews that are as important to you as they are to each of your stakeholders.
RMR is also the auditor of a number of mortgage investment corporations. We have extensive knowledge in this space and can efficiently assess the risks and provide experience required in determining the right disclosure and presentation.
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Increasingly, keeping all finance roles in-house is sometimes not the most efficient approach. It is becoming more common for organizations to rely on agile, professional expertise from third party providers. Our controllers apply insights to your business derived from a wide range of experience and client base. This flexibility also allows you to adjust the mandate with us, as your needs evolve.
Jeff McRae
CPA, CA, Partner
jeff@rmrcpa.ca
Tony Rosso
CPA, CA, Managing Partner
tony@rmrcpa.ca
Elom Gnanih
CPA, CA, Principal
elom@rmrcpa.ca
Michael Light
CPA, CA, Manager
mike@rmrcpa.ca
“The relationship we have with our accounting firm Rosenswig McRae Rosso LLP is spectacular. Since 2004 when we moved our business to RMR, our business has grown using your advice. You have always been on top of our business and the direction we took it, while recommending appropriate planning actions that have paid off. You have always been on time and given us the personal attention required with starting anew, while helping to manage our growing business. We have never had to seek outside opinion, or advice due to the individual strengths of the partners and are glad that all our key business decisions have utilized your input. Congratulations on your success! Thank you, Tony Rosso and the entire team at Rosenswig McRae Rosso LLP.”