Posts Tagged ‘PREC’

Episode 4: Personal Real Estate Corporations Problems with DIY

Posted on: November 5th, 2020 by Real Estate Accountants
Row of apartment buildings. Listen in on the video series that talks all this real estate with Peter Cuttini and George Dube

In episode 4 of our Talking Real Estate with Peter and George video series, George Dube and Peter Cuttini discuss the pitfalls of DIY set-up of your personal real estate corporation (PREC). Learn what realtors need to know. Peter Cuttini: Hello, everyone. Welcome to episode four I believe of the Talking Real Estate with George […]

Personal Real Estate Corporation (PREC) Resource Centre

Posted on: October 2nd, 2020 by Real Estate Accountants

Our Personal Real Estate Corporation (PREC) Resource Centre for Ontario Realtors gathers together articles, videos, and live webinars for realtors and brokerages to attend. We will continue to add more details to this site as we have them available. Live Webinars We invite you to attend any of our upcoming webinars where you can ask […]

Episode 2: Realtors: Guide to Saving and Deferring Taxes with Personal Real Estate Corporations (PREC)

Posted on: October 2nd, 2020 by Real Estate Accountants

For Ontario realtors, the Personal Real Estate Corporation (PREC) is a new opportunity for saving and deferring taxes. As of October 1, the ability to start using the PREC started. In episode 2 of our Talking Real Estate with Peter and George video series, George Dube and Peter Cuttini discuss why a PREC may be […]

Should I incorporate my realtor business (PREC)?

Posted on: September 16th, 2020 by Real Estate Accountants

With the Ontario government about to allow a Personal Real Estate Corporation (PREC) for realtors, now is the time to ask: “Should I incorporate my realtor business?” With tax deferrals of up to 41.33% of your profits plus potential tax savings on reinvested profits and through income splitting, realtors are taking a serious look at […]

Checklist for managing a new realtor corporation (PREC)

Posted on: September 16th, 2020 by Real Estate Accountants

Now that you have a Personal Real Estate Corporation (PREC), we have a checklist of areas you and your team must ensure are being managed and monitored. Then, you can do what you’re best at – buying and selling real estate. Once the systems and processes are set up, it will be relatively straightforward for […]

Personal Real Estate Corporations One Step Closer in Ontario

Posted on: March 3rd, 2020 by Real Estate Accountants 2 Comments

February 27th was a historic day for realtors in Ontario with the passing of Bill 145, Trust in Real Estate Services Act, 2020. Among many other aspects of the bill, it now allows realtors to incorporate and earn commissions and professional income through personal real estate corporations (PREC). “It’s a game changer,” says Peter Cuttini, […]