{"id":11149,"date":"2023-10-17T10:04:15","date_gmt":"2023-10-17T10:04:15","guid":{"rendered":"https:\/\/oneaccounting.webc.in\/latest\/?p=11149"},"modified":"2025-10-09T12:28:34","modified_gmt":"2025-10-09T12:28:34","slug":"personal-real-estate-corporation","status":"publish","type":"post","link":"https:\/\/oneaccounting.webc.in\/latest\/personal-real-estate-corporation\/","title":{"rendered":"A Guide to Personal Real Estate Corporation (PREC)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11149\" class=\"elementor elementor-11149\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-21d239d e-flex e-con-boxed e-con e-parent\" data-id=\"21d239d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a909010 e-flex e-con-boxed e-con e-child\" data-id=\"a909010\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a5a8720 e-flex e-con-boxed e-con e-child\" data-id=\"a5a8720\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7dd668e e-con-full e-flex e-con e-child\" data-id=\"7dd668e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-13a8d77 e-flex e-con-boxed e-con e-child\" data-id=\"13a8d77\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-bc777a6 e-con-full e-flex e-con e-child\" data-id=\"bc777a6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-722051b e-con-full e-flex e-con e-child\" data-id=\"722051b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ee2a304 elementor-widget elementor-widget-heading\" data-id=\"ee2a304\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">A Guide To Personal Real Estate Corporation (PREC)<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-904aa78 elementor-widget elementor-widget-image\" data-id=\"904aa78\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/Personal-real-estate-corporations-1024x536.png\" class=\"attachment-large size-large wp-image-11179\" alt=\"Personal-real-estate-corporations\" srcset=\"https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/Personal-real-estate-corporations-1024x536.png 1024w, https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/Personal-real-estate-corporations-300x157.png 300w, https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/Personal-real-estate-corporations-768x402.png 768w, https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/Personal-real-estate-corporations.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c0c5e6 elementor-widget elementor-widget-text-editor\" data-id=\"6c0c5e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Are you a real estate professional looking to optimize your tax strategy while enhancing your business credibility? A Personal Real Estate Corporation (PREC) might be the solution you&#8217;ve been searching for with the <a href=\"https:\/\/oneaccounting.webc.in\/latest\/\">help of an expert<\/a>.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">A PREC is a specialized legal entity that allows licensed real estate professionals to incorporate their business activities. This structure enables you to receive income through a corporation rather than personally, creating numerous financial advantages while maintaining professional standards.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Unlike standard corporations, a Personal Real Estate Corporation operates under specific regulations designed for the real estate industry. This specialized structure recognizes the unique nature of real estate professionals who typically work as independent contractors but benefit from corporate structures.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">At <a href=\"https:\/\/oneaccounting.webc.in\/latest\/\">One Accounting<\/a>, we&#8217;ve helped numerous real estate agents and brokers navigate the complexities of establishing and managing their Personal Real Estate Corporation, providing them with significant tax benefits and business protection.<\/span><\/p><p>Let&#8217;s look at the key benefits of operating as a Personal Real Estate Corporation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ec6fbf elementor-widget elementor-widget-heading\" data-id=\"0ec6fbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Exactly is a PREC?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-904ee70 elementor-widget elementor-widget-text-editor\" data-id=\"904ee70\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <span style=\"font-weight: 400;\">Personal Real Estate Corporation<\/span>\u00a0is a corporation that provides the services of a member of a profession that is regulated by a governing professional body. Certain regulated professions are permitted to form professional corporations under their governing regulations. Realtors are regulated by the Real Estate Council of Ontario (\u201cRECO\u201d) and are permitted to form PRECs under TRESA.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cb99a1 elementor-widget elementor-widget-heading\" data-id=\"7cb99a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key Benefits of Incorporating as a PREC\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-250b17c elementor-widget elementor-widget-text-editor\" data-id=\"250b17c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3><b> <img decoding=\"async\" class=\"alignnone wp-image-22776 size-full\" src=\"https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/visual-selection-25.png\" alt=\"PREC \" width=\"1056\" height=\"551\" srcset=\"https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/visual-selection-25.png 1056w, https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/visual-selection-25-300x157.png 300w, https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/visual-selection-25-1024x534.png 1024w, https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/visual-selection-25-768x401.png 768w\" sizes=\"(max-width: 1056px) 100vw, 1056px\" \/><\/b><\/h3><p><span style=\"font-weight: 400;\">When you establish as a Personal Real Estate Corporation, you gain access to several powerful tax strategies:<br \/><br \/><\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b><b>Income splitting opportunities<\/b><\/b><p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Distribute income to family members in lower tax brackets through non-voting shares, potentially reducing your overall family tax burden. For example, if you&#8217;re in a 50% tax bracket and can distribute $50,000 to a family member in a 20% bracket, you could save $15,000 in taxes annually.<\/span><\/span><\/p><p>\u00a0<\/p><p><b><b>Strategic tax deferral<\/b><\/b><\/p><p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Retain earnings within your corporation, deferring personal income tax until you decide to withdraw funds. This allows you to reinvest pre-personal-tax dollars into growing your business or investment portfolio. If you earn $200,000 but only need $100,000 for living expenses, you can defer personal taxes on the remaining $100,000, potentially saving $30,000-$50,000 in immediate taxes.<\/span><\/span><\/p><p>\u00a0<\/p><p><b><b>Lower corporate tax rates<\/b><\/b><\/p><p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Benefit from corporate tax rates that are typically lower than personal tax rates on business income. In many provinces, small business corporate tax rates range from 9-13% compared to personal marginal rates that can exceed 50%.<br \/><br \/><\/span><\/span><\/p><p>Let&#8217;s also look at how you can carry asset protection.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-437e229 elementor-widget elementor-widget-heading\" data-id=\"437e229\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Asset Protection Through Limited Liability\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec990ec elementor-widget elementor-widget-text-editor\" data-id=\"ec990ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Your Personal Real Estate Corporation creates a legal separation between your personal assets and business liabilities. This structure protects your personal property from many business-related claims, providing peace of mind as you grow your real estate practice.<br \/><br \/><\/span><\/p><p><span style=\"font-weight: 400;\">While professional liability for your real estate activities remains your personal responsibility, incorporating can help protect against certain contractual disputes, employee-related issues, and general business debts. This separation can be crucial during economic downturns or if your business faces unexpected challenges.<br \/><br \/>That&#8217;s not just it though! You also get enhanced professional credibility!<br \/><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7b355a elementor-widget elementor-widget-text-editor\" data-id=\"e7b355a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3><b>Enhanced Professional Credibility<\/b><\/h3><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Operating through a Personal Real Estate Corporation can significantly enhance your professional image. Many clients and other real estate professionals see incorporated agents as more established and committed to their business. Additionally, banks and other financial institutions often view corporations more favorably when considering financing options.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">A corporate structure also facilitates clearer business branding and marketing efforts. Your Personal Real Estate Corporation allows you to build a professional brand that can outlast your individual career and potentially be transferred or sold in the future.<br \/><br \/>Let&#8217;s also look at the limited liability for PREC&#8217;s.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a266d5 elementor-widget elementor-widget-heading\" data-id=\"4a266d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Limited Liability for PREC's<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d26139 elementor-widget elementor-widget-text-editor\" data-id=\"4d26139\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The difference between a professional corporation and a non-professional corporation is limited liability. If you incorporate your consulting business and you get sued, you will generally only lose the amount you invested. If you are not incorporated, you could potentially lose all of your assets.<br \/><br \/><\/p><p>If you are a PREC and are sued for malpractice, it will be a claim against your liability insurance. The corporation cannot protect you.<br \/><br \/>However, if you default on a loan, your assets are protected by the corporation.\u200b<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0471d4 elementor-widget elementor-widget-heading\" data-id=\"a0471d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Step-by-Step Process to Establish Your PREC\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef74043 elementor-widget elementor-widget-text-editor\" data-id=\"ef74043\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Got your eligibility and the legal stuff sorted? Awesome! Now let&#8217;s walk through the process step-by-step so you can get started.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Ready to set up your Personal Real Estate Corporation? Follow these essential steps:<\/span><\/p><p>\u00a0<\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><b><b>Consult with financial and legal professionals:<\/b><\/b><p>\u00a0<\/p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Get specialized advice from experts like One Accounting who understand both real estate and corporate taxation. This initial consultation should include a cost-benefit analysis specific to your income level and business model.<\/span><\/span><p>\u00a0<\/p><b><b>Complete a corporate name search and reservation:<\/b><\/b><p>\u00a0<\/p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ensure your desired business name is available and complies with naming regulations. Most provinces require a NUANS report that checks for similar existing names. Your PREC name typically must include &#8220;Personal Real Estate Corporation&#8221; or &#8220;PREC&#8221; in the title.<\/span><\/span><p>\u00a0<\/p><b><b>File Articles of Incorporation:<\/b><\/b><p>\u00a0<\/p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Submit the required documentation to your provincial corporate registry. This includes details about directors, share structure, business purpose, and registered office address. Fees typically range from $200-$400 depending on your province.<\/span><\/span><p>\u00a0<\/p><b><b>Establish comprehensive corporate records:<\/b><\/b><p>\u00a0<\/p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Create minute books, share registers, and other necessary legal documentation. This includes organizing an initial board meeting, issuing share certificates, and creating corporate bylaws.<\/span><\/span><p>\u00a0<\/p><b><b>Register for required taxes:<\/b><\/b><p>\u00a0<\/p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Obtain a Business Number and register for HST\/GST as needed. Determine your fiscal year-end strategically based on your business cycle and personal tax situation.<\/span><\/span><p>\u00a0<\/p><b><b>Set up corporate banking and accounting systems:<\/b><\/b><p>\u00a0<\/p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Establish dedicated financial infrastructure for your PREC, including separate bank accounts, credit cards, and accounting software. Implement systems for tracking expenses, managing receipts, and separating personal from business finances.<\/span><\/span><p>\u00a0<\/p><b><b>Notify your real estate regulatory authority:<\/b><\/b><p>\u00a0<\/p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Inform the relevant governing body about your newly established PREC. Submit any required documentation including copies of your incorporation papers and your written agreement with your brokerage.<\/span><\/span><p>\u00a0<\/p><b><b>Update your professional agreements:<\/b><\/b><p>\u00a0<\/p><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Modify your agreement with your brokerage to redirect commission payments to your PREC rather than to you personally. Ensure all regulatory requirements for these agreements are met.<\/span><\/span><p>\u00a0<\/p><\/li><\/ol><p><span style=\"font-weight: 400;\">At <a href=\"https:\/\/oneaccounting.webc.in\/latest\/\">One Accounting<\/a>, we streamline this process by providing end-to-end support for real estate professionals establishing their Personal Real Estate Corporation.<br \/><br \/>Let&#8217;s also look at the tax planning stratergy that should be incorporated.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e76e5c2 elementor-widget elementor-widget-heading\" data-id=\"e76e5c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax Planning Strategy<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-130148e elementor-widget elementor-widget-heading\" data-id=\"130148e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">As an unincorporated realtor, you could be subject to the highest marginal tax rate (depending on your income, can be as high as 53.53%). As a PREC, the tax rate is much lower and set at 12.5%. The additional tax savings can then be used to build your investment portfolio.<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-90f946d elementor-widget elementor-widget-heading\" data-id=\"90f946d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Tax deferral:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85b151b elementor-widget elementor-widget-heading\" data-id=\"85b151b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">a. As an unincorporated realtor, you could be subject to the highest marginal tax rate (depending on your income, can be as high as 53.53%). As a PREC, the tax rate is much lower and set at 12.5%. The additional tax savings can then be used to build your investment portfolio.<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d87ab6 elementor-widget elementor-widget-heading\" data-id=\"4d87ab6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Split your income:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a4af09 elementor-widget elementor-widget-heading\" data-id=\"6a4af09\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">a. You can pay your family members wages or issue them dividends. The catch is that, when paying wages, the wages must be for \u201creasonable services performed\u201d, which means your family members must be actively engaged in the business.<br>\nb. Actively engaged is usually considered as at least 20 hours a week<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5dbe3c elementor-widget elementor-widget-heading\" data-id=\"d5dbe3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. Salary vs Dividend:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f80f42 elementor-widget elementor-widget-heading\" data-id=\"3f80f42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">a. You have the opportunity to pay yourself either a salary or dividends. If you pay yourself a salary, you will still need to remit CPP. <br>\nb. But if you pay yourself a dividend, CPP contributions are not required, leaving you with excess cash to invest in other income-producing investments.<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8ec1da elementor-widget elementor-widget-heading\" data-id=\"b8ec1da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. Use Marginal tax rates:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9dc986b elementor-widget elementor-widget-heading\" data-id=\"9dc986b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">a. Canada\u2019s marginal income tax regime means that the more money you earn in a year, the higher your tax rate will be. Lower-earning years could reduce your tax rate\u2014which explains why it may make sense to withdraw funds during a slow year.\n\n\nLet's look at a comprehensive case study for the same <\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a538d05 elementor-widget elementor-widget-heading\" data-id=\"a538d05\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Case Study<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9953b5 elementor-widget elementor-widget-heading\" data-id=\"f9953b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Ms. X receives $ 200 000 in income as a Realtor during the year. Ms. X only needs $ 80 000 to maintain her lifestyle and wants to use any excess income for investing purposes. How does a PREC assist in deferring taxes?<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79887dd elementor-widget elementor-widget-image\" data-id=\"79887dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"404\" height=\"474\" src=\"https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/PREC-Case-Study.png\" class=\"attachment-large size-large wp-image-11160\" alt=\"PREC Case Study\" srcset=\"https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/PREC-Case-Study.png 404w, https:\/\/oneaccounting.webc.in\/latest\/wp-content\/uploads\/PREC-Case-Study-256x300.png 256w\" sizes=\"(max-width: 404px) 100vw, 404px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-737ce58 elementor-widget elementor-widget-heading\" data-id=\"737ce58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5511500 elementor-widget elementor-widget-text-editor\" data-id=\"5511500\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A Personal Real Estate Corporation offers substantial benefits for qualifying real estate professionals, including significant tax advantages, liability protection, and enhanced professional credibility. However, proper setup and management are essential to maximize these benefits.<br \/><br \/>The decision to incorporate should be based on your specific circumstances, including income level, career stage, family situation, and long-term business goals. What works for one real estate professional may not be ideal for another.<br \/><br \/><a href=\"https:\/\/oneaccounting.webc.in\/latest\/\">One Accounting<\/a> provides specialized accounting services for real estate professionals considering or operating a Personal Real Estate Corporation. Our experienced team can help you determine if a PREC aligns with your financial goals, guide you through the incorporation process, and provide ongoing support to ensure your corporation remains compliant while optimizing your tax position.<br \/><br \/>Ready to explore how a Personal Real Estate Corporation could transform your real estate practice? Contact <a href=\"https:\/\/oneaccounting.webc.in\/latest\/\">One Accounting<\/a> today for a personalized consultation tailored to your specific situation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a33c73 elementor-widget elementor-widget-heading\" data-id=\"4a33c73\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">\n<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-554c07a elementor-widget elementor-widget-button\" data-id=\"554c07a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" 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elementor-widget-heading\" data-id=\"d6c7284\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Share:\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f5ccd7 elementor-share-buttons--view-icon elementor-share-buttons--skin-minimal elementor-share-buttons--shape-circle elementor-grid-0 elementor-share-buttons--color-official elementor-widget elementor-widget-share-buttons\" data-id=\"5f5ccd7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-grid\" role=\"list\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_facebook\" role=\"button\" tabindex=\"0\" 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54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_linkedin\" role=\"button\" tabindex=\"0\" aria-label=\"Share on linkedin\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-linkedin\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_whatsapp\" role=\"button\" tabindex=\"0\" aria-label=\"Share on whatsapp\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-whatsapp\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M380.9 97.1C339 55.1 283.2 32 223.9 32c-122.4 0-222 99.6-222 222 0 39.1 10.2 77.3 29.6 111L0 480l117.7-30.9c32.4 17.7 68.9 27 106.1 27h.1c122.3 0 224.1-99.6 224.1-222 0-59.3-25.2-115-67.1-157zm-157 341.6c-33.2 0-65.7-8.9-94-25.7l-6.7-4-69.8 18.3L72 359.2l-4.4-7c-18.5-29.4-28.2-63.3-28.2-98.2 0-101.7 82.8-184.5 184.6-184.5 49.3 0 95.6 19.2 130.4 54.1 34.8 34.9 56.2 81.2 56.1 130.5 0 101.8-84.9 184.6-186.6 184.6zm101.2-138.2c-5.5-2.8-32.8-16.2-37.9-18-5.1-1.9-8.8-2.8-12.5 2.8-3.7 5.6-14.3 18-17.6 21.8-3.2 3.7-6.5 4.2-12 1.4-32.6-16.3-54-29.1-75.5-66-5.7-9.8 5.7-9.1 16.3-30.3 1.8-3.7.9-6.9-.5-9.7-1.4-2.8-12.5-30.1-17.1-41.2-4.5-10.8-9.1-9.3-12.5-9.5-3.2-.2-6.9-.2-10.6-.2-3.7 0-9.7 1.4-14.8 6.9-5.1 5.6-19.4 19-19.4 46.3 0 27.3 19.9 53.7 22.6 57.4 2.8 3.7 39.1 59.7 94.8 83.8 35.2 15.2 49 16.5 66.6 13.9 10.7-1.6 32.8-13.4 37.4-26.4 4.6-13 4.6-24.1 3.2-26.4-1.3-2.5-5-3.9-10.5-6.6z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_email\" role=\"button\" tabindex=\"0\" aria-label=\"Share on email\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-envelope\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-789137e elementor-widget elementor-widget-spacer\" data-id=\"789137e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bff681 elementor-widget elementor-widget-heading\" data-id=\"2bff681\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Recent Blogs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8e0ddd elementor-grid-1 elementor-posts--thumbnail-none elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-widget elementor-widget-posts\" data-id=\"b8e0ddd\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;classic_columns&quot;:&quot;1&quot;,&quot;classic_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:16,&quot;sizes&quot;:[]},&quot;classic_columns_tablet&quot;:&quot;2&quot;,&quot;classic_columns_mobile&quot;:&quot;1&quot;,&quot;classic_row_gap_widescreen&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_tablet_extra&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.classic\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid\" role=\"list\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-29264 post type-post status-publish format-standard has-post-thumbnail hentry category-general-category tag-home-tax tag-toronto-vacant-home-tax\" role=\"listitem\">\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/oneaccounting.webc.in\/latest\/cra-tax-filing-deadlines-2026-canada\/\" >\n\t\t\t\tCRA Tax Filing Deadlines 2026: When Is Your Canadian Tax Return Due?\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t31 March, 2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-29032 post type-post status-publish format-standard has-post-thumbnail hentry category-property-tax 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September, 2025\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>A Guide To Personal Real Estate Corporation (PREC) Are you a real estate professional looking to optimize your tax strategy while enhancing your business credibility?<\/p>\n","protected":false},"author":1,"featured_media":11179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":70,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[42,61,32,34],"tags":[67,63,23,62,39,27,58,55,25,28,66,59,60,22,30,77,29,41,31],"class_list":["post-11149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-tax","category-canada-news","category-corporate-tax","category-news-highlights","tag-business-owners","tag-canada","tag-canadatax","tag-canadians","tag-corporatetax","tag-cra","tag-incorporatebusiness","tag-ontariotax","tag-paycra","tag-paytax","tag-small-business","tag-startupbusiness","tag-startups","tag-tax","tag-taxfile","tag-tax-filing","tag-taxplanning","tag-taxrates","tag-taxreturn"],"yoast_head":"<!-- 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