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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.

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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.

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.