Accounting Services, Vancouver
  • Home
  • Blog
  • Personal Real Estate Corporation (PREC)
December 11, 2020

Personal Real Estate Corporation (PREC)

 

Personal Real Estate Corporation (PREC)

What is PREC?

A personal real estate corporation, or PREC, allows a real estate agent to earn their business income through a corporation. British Columbia, along with several other provinces in Canada, allow PRECs.

Does it make sense to PREC? 

Our team at Cahill CPA can help determine whether “PREC’ing” is right for you. We help assess all the factors to consider when deciding whether to incorporate your real estate business. 

Benefits to Incorporate:

  • the ability to defer income tax. 
  • opportunities for income splitting with family members. 

There may be other potential benefits of personal real estate corporations for some realtors. 

Cahill CPA has extensive experience with BC realtors, and has provided guidance & support to our clients when making the decision to incorporate.  It is always prudent to seek tax & financial advice about the potential benefits of incorporation.

www.CahillCPA.ca       604-985-0123        North Vancouver

 

 

Crystal Cahill

Crystal Cahill is responsible for the social media and marketing at Cahill CPA. Crystal completed her Bachelor of Arts Degree at Simon Fraser University in English, and has an Education Degree and teaching certification. She enjoys keeping clients updated on new accounting practices, upcoming tax deadlines, and news & events within the Cahill CPA office & staff. She is married to Cahill CPA partner Jordan Cahill, and together they have two young children.

Services

    Cahill-Professional-Accountants-Light-Logo-573px

    Your Success Is Our Business

    Financial accounting, tax preparation, and much more.

    North Vancouver 604-985-0123

        

    More About CahillMap to Locations

    Review Us on Google-White

    Inquire Here

    Looking for a North Vancouver certified accountant? We specialize in helping clients grow their businesses through tax minimization and sound business advice.