Sean Caulfeild Real Estate

Top Ten Reasons to own a PREC
Reason Number 1 - Prestige

The widespread respect and esteem felt for you based on your achievement- you are a Professional Corporation. You have a credential that tells the world you are qualified and committed.

“We incorporate real estate professionals across Ontario. Email us with your questions or book a free 30-minute consultation.”

Top Ten Reasons to own a PREC
Reason Number 4 - Asset Protection

If a real estate agent or broker carries on their business as a sole proprietor, and the business incurs a loss or debt that cannot be paid from the profits of the business, then any of the agent’s or broker’s personal assets (house or car) may be seized to satisfy a judgement or court order. On the flip side, the shareholders of a professional corporation are generally shielded from the business’s losses or debts.

“We incorporate real estate professionals across Ontario. Email us with your questions or book a free 30-minute consultation.”

Top Ten Reasons to own a PREC
Reason Number 6 - Deferred Taxes and Retirement Income

If a PREC can retain or invest its excess income inside the corporation to grow over time, then the possibility is there for you to withdraw this money held in the corporation during retirement- a time when there is likely less income, and you pay taxes at a lower marginal tax rate as compared to your non-retirement years. Important to note PREC’s have investment restrictions on what can be held within the professional corporation.

“We incorporate real estate professionals across Ontario. Email us with your questions or book a free 30-minute consultation.”