Incorporating Your Real Estate Practice Could Provide Significant Tax Savings
As of Oct 1, 2020 it became legal in Ontario for real estate agents to create entities known as Personal Real Estate Corporations or PRECs. These new entities can allow real estate agents to defer personal income tax and pay a lower corporate income tax rate. Some of the benefits include:
Setting up a PREC can be complicated and there are a number of requirements that need to be met. It is important to hire a legal professional to assist with the process and we are here to help.
Act before October 31 and save 50% on Incorporation fees
Start your PREC process with us before Oct. 31, 2020 and we will complete your incorporation for a flat fee of $1,500 (normally $3,000.)
We are pleased to be able to help real estate professional take advantage of this long-awaited change to the industry. If you are unsure whether you qualify for a PREC, you can give us a call at (613) 763-4543 or email us at firstname.lastname@example.org and we will give you an initial opinion for free.
Location 460 West Hunt Club Rd. Suite 206, Ottawa
Phone (613) 763-4543