Personal Real Estate Corporation (PREC) Resource Centre
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. Video: Realtors Guide to Saving and Deferring Taxes (PREC) Watch our short video presentation for realtors […]
Episode 2: Realtors: Guide to Saving and Deferring Taxes with Personal Real Estate Corporations (PREC)
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 […]
Episode 1: Should I Incorporate My Real Estate Business?
In episode 1 of our Talking Real Estate with Peter and George video series, George Dube and Peter Cuttini discuss you should incorporate your real estate business. It’s the number one question they get from real estate investors. Watch now to learn the answer. Cara: Hello. Thanks for joining George and Peter, today on August […]
Should I incorporate my realtor business (PREC)?
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)
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 […]
Podcast: 10 benefits of real estate ownership
What are the 10 benefits to real estate investors of real estate ownership? Listen in as George Dube, CPA, CA, author, tax accountant, real estate investor, and speaker guests on “The Working Capital Real Estate Podcast”. Host Jesse Fragale speaks with George on a variety of real estate investing topics, including: How real estate can […]
Financing for Real Estate Investors: Navigating COVID-19
Last Updated: May 27, 2020 Obtaining financing during the COVID-19 period has become increasingly complex and uncertain for real estate investors. Through discussions with investors and financing professionals, we’ve seen specific trends in the marketplace that real estate investors need to navigate. Phase 1: Prepare and respond Initially financial institutions addressed urgent needs with mortgage […]
20 Planning Ideas for the Real Estate and Construction Industry During COVID-19
For real estate and construction businesses, whether concerned with cash flow now, or planning for recovery and future opportunities, tax planning ideas are well worth your time. In April, we held a series of real estate and construction webinars focused on preparing and responding to COVID-19: Real Estate & Construction Industry: Cash Flow and Tax […]
COVID-19: Cash Flow and Incentives for the Real Estate and Construction Industry
Updated May 22, 2020 – The cash flow management and government incentives available for the real estate and construction industry for the COVID-19 crisis can provide relief. Right now, business owners are concerned about safety, cash flow and economic survival. The rules governing these programs, though, are changing regularly. Below, we have provided a summary […]
Personal Real Estate Corporations One Step Closer in Ontario
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, […]
