By forming a PREC you are able to leave a portion of your business income in your PREC, deferring the personal taxes on this income until you decide when the PREC pays this to you as either a salary or dividend. Having more available to invest in the PREC allows you to earn more inve...
“This speculation tax is likely to harm the very people the government is trying to protect and support,” said Tanis Read, OMREB immediate past president, in a press release. She added that federal government regulation in the form of stiffer mortgage qualifications and higher interest rates i...