Maximizing the Tax Savings for your Personal Real Estate Corporation (PREC)

The specifics of the tax benefits available to Personal Real Estate Corporations (PRECs) are elusive to many REALTORS®, be they newly incorporated or seasoned with use!

 

This course will provide you with a clear understanding of what tax benefits are available if you are operating via a PREC, how setting up a Holding Company can enhance those benefits and how having a Family Trust can ensure optimal tax savings for years to come.

Presented by a former CRA auditor and a CPA with over 25 years in tax preparation and consulting, this is a must seminar for all members operating via a PREC.

 

Learning objectives:

• Differentiate between the tax implications of Real Estate income of a sole proprietor versus a PREC
• Identify the advantages and disadvantages of adding a Holding Company (Holdco) as a Shareholder of your PREC.
• Explain the advantages and disadvantages of a Family Trust as a Shareholder of your Holdco.
• Discover other tax benefits available to PRECs
• Recognize the implications of terminating your licence to your PREC, Holdco and Family Trust

 

Who should take this course: People with extensive PREC experience or who have completed the Introduction to Personal Real Estate Corporations (PREC) course

 

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