COVID-19 certainly changed our lives in 2020 in many ways, not the least of which has been its economic impact. Many businesses had to close their operations for extended periods of time, while others had to revamp how they operate in order to survive the pandemic. Read more
Realtors in Ontario can now form a Personal Real Estate Corporation.
Here is a brief account of some of the advantages of PREC:
With 2020 behind us and the COVID-19 vaccines being approved and becoming available to the public, we hope that life will return to normalcy early in 2021. It is therefore a good time for us to discuss the tax implications of various government grant and subsidy programs so that there is no surprise at the time of filing your 2020 personal income tax returns. Read more