Personal Real Estate Corporations (PRECs): For the Legal and Accounting Practitioner
In this comprehensive webinar, Steven Pitucci and Neal Winokur, two CPAs from Toronto, Ontario, discuss Personal Real Estate Corporations (PRECs), which came into existence for Ontario REALTORS® as of October 2020. This webinar is intended for both accountants and lawyers who are, or are considering, servicing high net-worth REALTOR® clients.
Topics discussed in this webinar include: • Understanding of how REALTORS® and operate • Introduction of the PREC • Tax deferral illustrations for PRECs • Summary of the Oct 2020 regulations • Dealing with issues related to “personal service businesses” • Dealing with goodwill • Income splitting considerations
The All-in-One Tax Solution for Ontario Realtors
RealtyTax.ca, operated by Steven Pitucci, CPA, CA and Neal Winokur, CPA, CA, provides 21st-century tax solutions focusing on real estate agents across Ontario
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