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How to apply for CEBA loan as Real Estate Investors and agents
A few weeks ago, Prime Minister Justin Trudeau announced that he is expanding the criteria to qualify for the $40K Canada Emergency Business Account loan (or CEBA loan). Application for CEBA loan is OPEN Friday, June 19 under the expanded criteria. It is an interest-free loan until 2022. If you repay by December 2022, $10K […]
How to set up a Personal Real Estate Corporation as a Real Estate Agent
Ontario Realtors can now set up a Personal Real Estate Corporation (PREC) to own their business. Unfortunately, it isn’t as simple as opening a corporation, diverting all income to the corporation, shut down the sole proprietorship and then you pay 12.5% and live happily ever after. If you don’t take careful steps, CRA can put […]