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Commission-based real estate income varies widely. See what Canadian agents actually earn, how commissions work, and smart tax strategies to maximize take-home pay.
| Role / Level | Annual Salary Range | Median |
|---|---|---|
| New Agent (Year 1–2) | $25,000 – $55,000 | $38,000 |
| Established Agent (3–5 years) | $60,000 – $120,000 | $85,000 |
| Top Producer (100+ years) | $120,000 – $300,000+ | $185,000 |
| Team Lead / Mega Producer | $250,000 – $1,000,000+ | $400,000+ |
| Commercial Agent | $80,000 – $250,000 | $155,000 |
| Property Manager | $55,000 – $85,000 | $68,000 |
| Province | Average Salary | Est. Take-Home (Monthly) |
|---|---|---|
| Ontario | $92,000 median | $5,100–$5,800 take-home |
| British Columbia | $95,000 median | $5,500–$6,100 take-home |
| Alberta | $88,000 median | $5,200–$5,900 take-home |
| Quebec | $72,000 median | $3,900–$4,500 take-home |
| Saskatchewan | $78,000 median | $4,500–$5,100 take-home |
| Manitoba | $72,000 median | $4,200–$4,800 take-home |
| Nova Scotia | $65,000 median | $3,800–$4,300 take-home |
| New Brunswick | $60,000 median | $3,600–$4,100 take-home |
Estimated Annual Take-Home Pay:
| Deduction | Amount |
|---|---|
| Commission Income | $90,000 |
| HST Collected and Remitted | ~$11,700 (separate) |
| Business Expenses (deductible) | ~$15,000–$25,000 |
| Taxable Net Income (after expenses) | ~$65,000–$75,000 |
| Federal + Provincial Tax | ~$17,000–$22,000 |
| Estimated Take-Home | ~$43,000–$58,000/yr |
Real estate agents are self-employed and can deduct significant expenses including MLS fees, marketing, vehicle use, and home office. Register for HST/GST once billing exceeds $30,000/year.
Real estate agents can deduct board/MLS fees ($3,000–$8,000), marketing costs, vehicle (log your km), home office, client meals (500%), continuing education, and E&O insurance. Proper expense tracking can reduce taxable income by $20,000–$35,000.
Once your commissions exceed $30,000/year, you must register for and collect HST/GST. You can also claim Input Tax Credits on business expenses. Voluntary registration below $30,000 may also be beneficial.
At $120,000+ net commission income, incorporating can save $20,000–$40,000 in annual taxes. Many successful agents pay themselves $80,000 salary (ideal for CPP/EI) and take the remainder as dividends.
Commission income is volatile. In good years, maximize RRSP contributions to bring your income back to a lower bracket. Carry forward unused RRSP room from slow years.
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