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Tax Fairness for REALTORS®
Personal Real Estate Corporations
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)
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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