Thanks to recent changes in government regulations, realtors in Ontario can now set up their business as a Personal Real Estate Corporation (PREC).
If you’re a high-income earner and decide to change from sole proprietorship to corporation, there are key tax benefits that could lower your tax bill. And help keep more money in your pocket.
With the introduction of the new regulation, now is an ideal time to evaluate your current business structure and see if it’s still meeting your needs or if a Personal Real Estate Corporation (PREC) is the way to go.
FBC is here to help.
Talk To An Expert
Do you have questions about changing from sole proprietorship to corporation? Let’s talk. FBC can help you identify if a Personal Real Corporation is right for you. Enter your information and we’ll be in touch to schedule your free consultation.
A Support Team To Guide You Through Incorporation
If you decide to incorporate, our legal support team can take care of everything for you. We’ll register your business, set up the articles of incorporation, manage your minute books, and handle your annual filings. Book a consultation today!