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Personal Real Estate Corporation: How it Works
Traditionally realtors, real estate agents and brokers, were not allowed to create a corporation and enjoy tax planning benefits that were enjoyed by other professionals
Traditionally realtors, real estate agents and brokers, were not allowed to create a corporation and enjoy tax planning benefits that were enjoyed by other professionals
Incorporate a new business? A key advantage is that it cuts the tax rate to 12.2% from 53.53%. But be aware of cost and tax implications too!
In this article, I will discuss efficient ways of withdrawing money as applicable to a small business corporation, commonly known as a Canadian Control Private Corporation (CCPC)