WEBINAR
Personal Real Estate Corporation (PREC)
The Opportunities and Challenges
Time Has Come to Incorporate your Real Estate Business as PERSONAL REAL ESTATE CORPORATION (PREC)
What you will Learn During this Webinar?
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Introduction to PREC
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Overview of New Regulation
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What Is A Professional Corporation?
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Tax Deferral Opportunity
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Split Income with your Family Members
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Life Time Capital Gain Exemption (LCGE)
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How PRECs differ from traditional private corporations?
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The Flexibility within Your PREC
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The Challenges of Forming and Running your PREC
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Flexibility of Paying the Remuneration (Salary, Dividend or Bonus)
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Benefits of Business Expense Deduction at higher rate
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How to use your PREC for Passive Passive investments (Stock investment, Invest in Digital Currency, etc.)
ABOUT
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.
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)
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.
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.
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