Incorporate a Personal Real Estate Corporation in Canada
Receive your Certificate and Articles of Incorporation in as little as 2 business hours.
Incorporating a PREC has never been this fast and affordable. Our experienced filing agents review every order to ensure it’s done right the first time, with no hidden costs and no delays.
WHY US
Why Incorporate PREC?
- Lower Tax.
Instead of being taxed personally right away at a high rate (over 50% if you’re making good money), your PREC gets taxed at a much lower corporate rate—around 12% on the first $500,000. That means more money stays in your business to reinvest or save for later.
- Income Splitting Opportinities:
You might be able to pay dividends to family members in lower tax brackets using non-voting shares. This can lower your family’s overall tax bill, especially if you’re the main earner in a high tax bracket.
- Tax Deferral
You still work through your brokerage as usual, but your PREC lets you split your real estate income from your personal finances. That makes things cleaner and opens up tax benefits.
- Planning Strategies
A PREC gives you flexibility to plan ahead, whether it’s saving for retirement, income splitting, or reinvesting earnings. You’ve got tools to optimize your tax situation your way.
PREC Incorporation Packages
Ontario PREC
✔ Designed for licensed real estate professionals in Ontario
✔ Let's you defer taxes and benefit from small business tax rates (12.2%)
✔ The controlling registrant must be a RECO member
✔ Filing can be completed in 2 business hours
✔ We’ll draft your Articles and Certificate of Incorporation for accuracy
BC PREC
✔ Designed for licensed real estate professionals in British Columbia
✔ Let's you defer taxes and benefit from small business tax rates
✔ The controlling registrant must be a licensed real estate professional with BCFSA
✔ Filing can be completed in 2 business hours
✔ We’ll draft your Articles and Certificate of Incorporation for accuracy
Alberta PREC
✔ Designed for licensed real estate professionals in Alberta
✔ Let's you defer taxes and benefit from small business tax rates
✔ The controlling registrant must be a licensed real estate professional with RECA
✔ Filing can be completed in 2 business hours
✔ We’ll draft your Articles and Certificate of Incorporation for accuracy
Quebec PREC
✔ Designed for licensed real estate professionals in Québec
✔ Let's you defer taxes and benefit from small business tax rates
✔ The controlling registrant must be a licensed real estate professional with OACIQ
✔ Filing can be completed in 2 business hours
✔ We’ll draft your Articles and Certificate of Incorporation for accuracy
Start Your Incorporation Now
Just 3 Simple Steps
Fill out the online form
Kick things off by completing our easy step-by-step form. You can place your order using a credit card, PayPal, or e-transfer—whichever is most convenient.
We handle the filing
Once your payment is confirmed, our experienced registry agent reviews everything and files your documents with the appropriate government office. No need to worry about red tape or delays.
Receive your incorporation documents
Incorporating a personal real estate corporation doesn’t have to be complicated. You’ll receive your official Certificate and Articles of Incorporation right in your inbox—often in just a few business hours.
Key Points of Personal Real Estate Corporation
- Only licensed real estate salespersons and brokers can establish a PREC.
- It allows for tax deferral opportunities, since corporate tax rates are typically lower than personal rates.
- Only one licensed real estate agent can own voting shares.
- A PREC cannot trade in real estate on its own.
- You can split income with family members through non-voting shares (if allowed).
- The PREC must follow the rules set by the provincial real estate regulator (e.g., RECO in Ontario).
Whether you’re starting a PREC in Ontario, BC, Alberta, or New Brunswick, our express service means you don’t have to wait days for government processing.
Quick. Compliant. Done Right the First Time.
PREC vs. Standard Corporation
Feature |
Standard Corporation |
Professional Corporation |
|---|---|---|
Who Can Incorporate |
Licensed real estate agents/brokers only | Anyone (entrepreneurs, professionals, etc.) |
Purpose |
To receive income from real estate activities | Any business activity or investment purpose |
Restrictions |
Must follow provincial real estate rules; usually one shareholder (the agent) | Fewer restrictions; flexible ownership |
Tax Benefits |
Access to small business tax rate; tax deferral | Also gets small business tax rate and benefits |
Income Splitting |
Limited or restricted (varies by province) | More flexibility with share classes |
Regulations |
Yes – governed by provincial real estate council | No professional regulation unless regulated field |
Naming Rules |
Must include legal name of the agent | No such requirement |
What Our Clients Are Saying
Get Your Business Name Approved Fast in the Northwest Territories
Frequently Asked Questions
What is a Personal Real Estate Corporation?
Who can incorporate a PREC ?
Only a licensed real estate professional (e.g., realtor or broker) can incorporate a PREC.
What are the benefits of incorporating a Personal Real Estate Corporation?
- Tax deferral – Pay the lower corporate tax rate and defer personal taxes.
- Income splitting – Share income with family members through non-voting shares (if allowed).
- Professional image – Enhances credibility with clients and lenders.
- Limited liability – Provides legal separation between personal and business assets.
- Expense deductions – More flexibility in deducting eligible business expenses.
- Retirement planning – Retain earnings inside the corporation to invest and grow wealth.
Can I incorporate a Personal Real Estate Corporation online?
Yes, you can incorporate online by completing a simple form on Canada Incorporation Agency website, it will take around 15 minutes. After completing the payment, we will send you a confirmation email, and our agent will contact you to confirm all the order details. We will incorporate your company and email the Certificate and Articles of Incorporation to you.
Do I need a lawyer to incorporate a PREC in Canada?
It’s not required, but it’s a good idea. Canada Incorporation Agency has a team of professional lawyers and filing agents that can help you out with the paperwork for your Professional Corporation. Bylaws, governance, and CRA compliance can get complicated.
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