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

Stay informed

January 2, 2024

Understanding the New T3 Trust Reporting Requirements

Good afternoon, My name is Julia, and I am here to discuss the new reporting requirements for trusts. These rules will apply to Trusts that have tax years ending after…

July 20, 2023

Understanding the New Underused Housing Tax (UHT)

The federal government announced the new underused housing tax (UHT) as part of the 2021 federal budget which came into effect on Jan 1, 2022. In a nutshell, the UHT is a…

November 1, 2022

Business Excellence Awards Finalist

We are so honoured to be a finalist in the North Vancouver Chamber Business Excellence Awards in the category of Best Employer. From the North Vancouver Chamber: The North Vancouver…