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How to Deduct Realtor Commission Rebate the Right Way

If you have worked in the real estate industry for a while, you probably know how realtor commission rebates work. However, if you are new to the field, you may be wondering how this rebate works and if you could avail it. How does realtor commission work in Canada? Realtor commission is the payment received […]

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What is a Realtor’s tax? Self employed vs. Employee

A Realtor’s tax is often determined by his/her employment category. Realtors, like many other professionals, can either own their businesses or be employees.  The language used in the legislation governing real estate trading activities can be quite confusing. It sometimes refers to the self-employed realtors as “employees.” However, self-employed and employee realtors have two very […]

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How To Qualify For Financing in PREC?

Realtors often ask, “how do I qualify for financing in PREC?” If you have been in the real estate industry for a while, you have probably heard, getting mortgages in a corporation is extremely difficult. Well… let’s clear that misconception! Some rumors associated with qualifying for financing in PREC Banks don’t like corporation when it […]

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