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Incorporating Real Estate Business in Ontario

Did you know that you can now incorporate your real estate business in Ontario?

On October 1, 2020, the Government of Ontario’s amendments to the Real Estate and Business Brokers Act, 2002 (“REBBA”) came into force, which now makes it possible to operate your real estate business through a Personal Real Estate Corporation (“PREC”.)

There are numerous advantages to incorporating your business.  There are also several restrictions and considerations specific to owning and operating a PREC.  Ford Keast LLP would be pleased to discuss your situation and help determine whether a PREC is right for you.

Highlights of a PREC:

Contact your Ford Keast Representative for more information. Click here for a PREC checklist provided by RECO that may answer some of your questions: