To be a real estate agent in Canada, you are usually self-employed and affiliated with a real estate company.
But a few days ago, on October 1st, the Ontario Real Estate Bureau officially announced that real estate agents can open limited companies. But is starting a company worth a try for all real estate agents? Today we will take the story of real estate agent Xiaoqiang as an example to tell you what are the benefits of starting 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 profits, it can save a lot of taxes. If you have this plan, you first need to say hello to your real estate company, sign a contract, and then write an email to tell the real estate bureau that I have opened a limited company. Only after everything is completed can the real estate company send you the original copy. Personal commissions are sent 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 Real Estate Economic Development Co., Ltd., the Real Estate Bureau also has a clear rule that it cannot advertise real estate promotion and transactions in the name of this company, but where should this advertising fee belong? You can fill out a T2200 form, which we mentioned in the video on "Buying a Car in the Name of a Company". This is what I want to say today about opening a real estate agency limited company. I hope it will be helpful to you.