WEBINAR

Personal Real Estate Corporation (PREC)

The Opportunities and Challenges

Your Host

Rokon Alam

CPA, FCCA, MBA

For over 15 years, Rokon has been coaching entrepreneurs, corporate leaders, and inspiring individuals on how to create the life they desire. His mission is to help people achieve and sustain positive behavioral change through practical advice. He has individually mentored more than 230 corporate leaders for the last ten years. He has consulted for more than 50 companies and addressed more than 800 people in various seminars throughout Canada and Bangladesh. He speaks to corporate and public audiences on the subjects of Business Strategies, Leadership Development, Financial Planning, and Professional Development.

Tax Planning is the Key to Business Success

If you are a high-income earning individual, forming a PREC can be financially beneficial to you

Do you know In Ontario, the corporate tax rate is 12.5% on the first $500,000 of business income.

Any income above $500,000 is taxed at the general corporate rate of 26.5%.

In Contrast, The highest personal tax rate in Ontario is 53.3% on income over $220,000.

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Transform Your Business to the Next Level

Do you want to be benefitted from distributing business income to your family members?

Do you want to be able to save more money for retirement?

Do you want to use your PREC for Passive Passive investments (Stock investment, Invest in Digital Currency, etc.)?

Do you have other active business unrelated to trading in real estate? Use PREC to combine all business in Single Corporation (No need for multiple corporation)

Income Splitting

As a REALTOR® You make decisions about how much money that the PREC will pay you, as well as any non-voting shareholders (like family members).

Ontario’s PREC rules allow business income to be distributed amongst family members.

A PREC can pay dividends to family members who are given ownership of non-voting shares.

A tool that is specific for use by REALTORS®, with many other professions not having this same advantage.

Time Has Come to Incorporate your Real Estate Business as PERSONAL REAL ESTATE CORPORATION (PREC)

Transform Your Business to The Next Level

Many Ontario real estate professionals already choose to incorporate to take advantage of certain tax benefits. However, there is a lot to consider before you form a PREC.

What you will Learn During this Webinar?

Introduction to PREC

Overview of New Regulation

What Is A Professional Corporation?

Tax Deferral Opportunity

Split Income with your Family Members

Life Time Capital Gain Exemption (LCGE)

How PRECs differ from traditional private corporations?

The Flexibility within Your PREC

The Challenges of Forming and Running your PREC

Flexibility of Paying the Remuneration (Salary, Dividend or Bonus)

Benefits of Business Expense Deduction at higher rate

How to use your PREC for Passive Passive investments (Stock investment, Invest in Digital Currency, etc.)

Let Me Be Your Business Advisor

Book a free consulting call to discuss your business goals and plan a strategy that can get you to the life you want.

Book Your Free Consultation Today