Personal Real Estate Corporation (PREC)

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Across Ontario, countless real estate professionals have been eagerly awaiting the passage of new legislation that allows them to incorporate by setting up a Personal Real Estate Corporation (PREC). We’ve created this hub to help you navigate incorporation and understand how you can maximize your hard-earned commissions. If you need any support, contact us at any time.

Is the corporate structure of your PREC optimized for your objectives?

PREC

Depending on your desired outcomes, the corporate structure of your PREC may shift—making it important to identify your objectives in advance.

15 Apr 2021

Personal Real Estate Corporation (PREC) Explained

Real Estate and Construction

A Personal Real Estate Corporation (PREC) is a personal corporation that real estate agents and brokers can establish. Jaclyn Cairns, Senior Manager, Tax, presents the important points you need to know in order to determine if a PREC is right for you.

16 Dec 2020

Setting up a PREC? Ensure you're an independent contractor

Real estate and construction

When setting up your PREC, ensure you know the differences between being an independent contractor and qualifying as a PSB in order to avoid higher tax rates.

20 Nov 2020

How to reap the tax advantages of a PREC

Real estate & construction

Now that real estate agents are able to set up a PREC, it's important to understand the difference between passive and active income.

13 Nov 2020

Structuring your PREC to maximize your earning power

Real estate and construction

Ontario’s real estate professionals can incorporate by setting up a PREC. However, it’s important to understand the different structures and their benefits.

13 Nov 2020

Personal Real Estate Corporation: What to consider from the legislation

Real estate and construction

With the passing of legislation for Bill 145, it’s now possible for realtors in Ontario to establish a Personal Real Estate Corporation (PREC).

19 Oct 2020

Setting up a PREC: What haven’t you considered?

Real Estate and Construction

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.

07 Oct 2020

The Personal Real Estate Corporation (PREC): Four tax-saving opportunities

Real Estate and Construction

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.

Personal Real Estate Corporation (PREC)

Is the corporate structure of your PREC optimized for your objectives?

Personal Real Estate Corporation (PREC) Explained

Setting up a PREC? Ensure you're an independent contractor

How to reap the tax advantages of a PREC

Structuring your PREC to maximize your earning power

Personal Real Estate Corporation: What to consider from the legislation

Setting up a PREC: What haven’t you considered?

The Personal Real Estate Corporation (PREC): Four tax-saving opportunities

Our trusted advisors are ready to answer your PREC questions.

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