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I am a realtor. This is my 1st tax return. I have a T4 showing gross commissions. My parent company took a portion of fees. How do a I report that fee? Reduce taxable?

Do I report Gross Commissions then the fees separate?
1 Reply

I am a realtor. This is my 1st tax return. I have a T4 showing gross commissions. My parent company took a portion of fees. How do a I report that fee? Reduce taxable?

You need to enter your T4. If you weren't given a slip showing the fees taken you will not be able to claim it.

Real Estate Agents and Income Taxes

 

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