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Tax Tips For Personal Real Estate Corporations
June 14, 2022 @ 12:30 pm - 1:30 pmFree
ONTARIO FINALLY ALLOWS REALTORS TO INCORPORATE
As of that date, real estate salespeople and brokers may incorporate in Ontario and arrange for their self-employed revenue to be paid into a PREC. Many real estate professionals will choose to incorporate to take advantage of certain tax benefits. However, there is a lot to consider before you form a PREC. Forming a PREC is a complex task with a number of considerations that may differ depending on every REALTORS own business situation. The advantages of forming a PREC can be significant, but only exist only if it is set up correctly in accordance with your business, family and personal circumstances. If you are considering setting up a PREC, you should join our webinar and chat with our expert who has knowledge in accounting services for Personal Real Estate Corporations.