Real estate agents in Canada are all self-employed and affiliated with a real estate company.
However, a few days ago, on October 1, the Ontario Real Estate Board officially announced that real estate agents can open a limited company. But is it worthwhile for all real estate agents to open a company? Today, we will use the story of real estate agent Xiaoqiang as an example to tell you what are the benefits of opening a company for real estate agents? What areas do you need to pay attention to?
There are many benefits for real estate agents to open a limited company, especially for those real estate agents with high income, which can save a lot of taxes. If you have this plan, you first need to greet your real estate company, sign a contract, and then write an email to the real estate bureau to tell them that I have opened a limited company. After all is completed, the real estate company can send the commission originally sent to you personally to your company's account.
In a word, you need to be cautious when opening a company, and you should operate according to your actual situation. As for the real estate agent opening a limited company, the Real Estate Bureau has a clear regulation that he cannot use the name of this company to advertise real estate promotion and transactions, but where should the advertising fee be attributed? You can fill out a T2200 form, which we mentioned in the video "Buying a car in the name of a company". This is what I want to say today about real estate agents opening limited companies, I hope it will be helpful to you.
