Did you know…
As of October 1, 2020, Personal Real Estate Corporations (PREC) has been permitted in Ontario.
Individual Ontario real estate agents will now be able to incorporate their business.
This would allow them to
1) Offer more services to clients
2) Invest in new technology and
3) create jobs in their community.
Ontario realtors who are in a higher tax bracket now can defer and save on taxes through PREC.
Do you have any questions about Personal Real Estate Corporations (PREC)?
Contact us for advice