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Ontario’s real estate professionals can incorporate by setting up a PREC. However, it’s important to understand the different structures and their benefits.
With the passing of legislation for Bill 145, it’s now possible for realtors in Ontario to establish a Personal Real Estate Corporation (PREC).
The benefits of incorporation can be considerable, including the opportunity to defer up to 40 percent in personal taxes. To maximize those benefits, however, there are some traps you’ll need to avoid. Here are five key steps you can take to get it right.
For Canadian business operating in the US, a democratic or republican election win could have significant tax implications.
Rare decision by Tax Court of Canada ruling in favor of AgraCity Canada over transfer pricing dispute with CRA.
While the legislation (and details) around Personal Real Estate Corporations (PRECs) have yet to be released, there are a few things real estate professionals can do today to prepare.
Support for Canadian entrepreneurs comes from many sources and both the federal and provincial governments offer incentives to build and foster successful start-ups.
Ontario real estate salespersons and brokers are now permitted to incorporate in Ontario with the passage of Bill 145 of the Legislative Assembly of Ontario.