PREC Archives - Rethink CPA Professional Corporation

In Accounting, Business Owners, PREC, Small Business, Tax

Posted April 27, 2021

Can You Borrow Money From Your Business Without Paying Tax?

When you borrow money from your business, the CRA will want to tax the amount in your personal income. But, like many tax rules, there are exceptions.

5 Reasons Not to Buy Real Estate in a PREC

Top 5 reasons not to buy real estate in a PREC and how real estate agents can invest instead.

Personal Real Estate Corporation (PREC) Allowed in Ontario

Effective October 1, 2020, real estate agents are allowed to incorporate a personal real estate corporation (PREC) in Ontario. Find out if a personal real estate corporation is right for you!