PREC Incorporation Calculator

Unlock the Benefits of a Personal Real Estate Corporation: Schedule a Free Consultation Today

Are you a real estate professional looking to optimize your finances and save more money for retirement? Forming a Personal Real Estate Corporation (PREC) may be the solution for you. However, there are many factors to consider before making this important decision.

This Calculator will compare the estimated taxes that if you operated as a Sole Proprietor versus the estimated taxes if you operated as an incorporated entity. Use this calculator to learn the estimated tax savings of choosing one form of organization over the other.

At CPA4IT, we offer free consultations with financial professionals who are knowledgeable on the many tax strategies available to realtors.

Contact us today to schedule a consultation and determine if forming a PREC is the right choice for your personal and business situation.

Select your Province, The annual income of your business and the amount of personal income you will need to withdraw from the corporation for your non deductible living expenses.

How much do you earn?(in a year):
How much do you spend?(on non business related items)
This is the amount of money you will take out of the company personally to pay for personal lifestyle expense that are above and beyond the expenses paid for by the corporation.Your goal is to keep this amount as low as possible. If you aim for between $30,000 – $35,000 this will keep your personal taxes in the lowest tax bracket.

The following are calculated using industry average values. Please adjust to suit your specific circumstances to get more accurate results.
Contract Income
Rent/Home Office
Business Promotion
Consulting Fees
Accounting Fees
Computer Supplies
Employee Benefits
Office Supplies
Education and Seminars
Professional Fees
Books and Periodicals
Bank Charges
General Expenses
Repairs and Maintanence

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Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.