The Tax Fairness for Realtors Act, 2015, was recently introduced in the Ontario Legislature.
To help to get this important piece of legislation passed or adopted by the government, we need your help! Click here to send an email to your local Member of Provincial Parliament (MPP) urging them to support this bill.
It’s time for REALTORS® to be treated fairly
Currently, the Real Estate and Business Brokers Act, 2002 (REBBA), prevents real estate salespeople from operating their business through a PREC.
Many other regulated professions in Ontario, including chartered accountants, lawyers, health professionals, social workers, mortgage brokers, architects and engineers, can all form personal or professional corporations.
The ability to incorporate would allow a REALTOR®, depending on their level of business income, to save money on their income tax by taking advantage of the lower corporate tax rate.
Your help is needed!
Please tell your MPP that it’s time Ontario treats real estate professionals fairly by allowing them to form PRECs. Send an email urging your MPP to support this bill by clicking on this link.