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Tax Fairness for REALTORS®
Personal real estate corporations (PRECs) will benefit our members and are a top priority policy issue for OREA. Today, PRECs are one step closer to becoming law.
Real estate salespeople and brokers may incorporate in Ontario and arrange for their self-employed revenue to be paid into a PREC. Many real estate professionals will choose to incorporate to take advantage of certain tax benefits. OREA has compiled A Guide to Personal Real Estate Corporations for Ontario REALTORS® to assist our Members in understanding the PREC regulations.Download the guide here: A Guide to Personal Real Estate Corporations for Ontario REALTORS® (pdf)
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