Are you a realtor and want to save taxes?
INTRODUCING OUR PREC GUIDE
Unlock the full potential of your real estate career with our comprehensive ‘PREC Guide’ (Personal Real Estate Corporation) Formation. With the introduction of Ontario’s Trust in Real Estate Services Act, 2020, real estate professionals now have the opportunity to form Personal Real Estate Corporations (PRECs). This revolutionary change allows for self-employed revenue to be paid into a PREC, providing high tax benefits.
When structuring a business, realtors face many decisions about how to best set up their companies. Is a sole proprietorship, partnership, or incorporation the best option? Are you trapped into a specific model as your business evolves? How can you set yourself up for the best tax situation possible? Our PREC Guide was designed to help both fledgling companies and established realtors navigate their financial planning so that they make the most of their time and investment.