A Personal Real Estate Corporation (PREC) is a corporation formed by a real estate sales person or a real estate broker. The real estate salesperson owning the PREC license must be the sole voting shareholder, as well as the sole director/officer of their personal real estate corporation.

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Incorporate a PREC in Alberta, Incorporate a PREC in Ontario, Incorporate a PREC in BC, Incorporate a PREC in Manitoba Incorporate a PREC in Alberta, Incorporate a PREC in Ontario, Incorporate a PREC in BC, Incorporate a PREC in Manitoba

PREC in Alberta

Alberta

PREC in Manitoba

Manitoba

PREC in British Columbia

British Columbia

PREC in Nova Scotia

Nova Scotia

PREC in Ontario

Ontario Corporation
What are the advantages of forming a Personal Real Estate Corporation?
  • Tax deferral for life and retirement planning purposes.
  • Reduction/elimination of Canada Pension Plan (CPP) contributions
  • Income splitting with family members under certain circumstances to reduce family tax.
  • This format is good for limited liability which means the owners' personal assets are protected from liabilities.
Who can form a PREC?
  • Licensed Real estate agents who wish to receive their brokerage remuneration through a corporation can form a PREC.