Real Estate Professionals & Incorporation

As of October 1, 2020, the Ontario government now allows real estate professionals to incorporate Personal Real Estate Corporations (“PREC”).

These PRECs can provide a significant tax deferral for real estate professionals earning more income than they require to fund personal expenses. This tax deferral can be reinvested in the PREC or another corporation to provide a higher return on investment than would be available to individuals who earned that income personally.

To see if incorporating a PREC make sense for your personal situation, please contact your Roth Mosey advisor.