Posts Tagged ‘PREC’
Episode 4: Personal Real Estate Corporations Problems with DIY
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
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 […]
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 […]
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, […]
