Designed for the requirements of Real Estate Industry
In BC, real estate professionals can increase their income and improve financial flexibility by establishing their business as a Personal Real Estate Corporation (PREC). A PREC enables realtors to benefit from corporate tax rates, defer income, and maintain greater control over their financial matters compared to functioning as sole proprietors.
At Talwar Associates, we provide accounting services specifically designed for the unique requirements of real estate agents. Whether you are beginning your career or are a seasoned realtor aiming to enhance your earnings, we offer a comprehensive suite of services to assist you in managing your PREC efficiently.
Advantages of Running a PREC
- Substantial Tax Reductions
- Opportunities for Income Distribution
- Increased Flexibility in Managing Income
- Improved Retirement Strategy
How We Can Help Realtors with PRECs
- PREC Registration & Incorporation Services
- Tax Preparation & Optimization
- Capital Gains & Investment Management
- GST Compliance
- Bookkeeping Services
- Year-End Financial Statements & Corporate Tax Returns