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Lawyers can... Accountants can... Mortgage brokers can... REAL ESTATE PROFESSIONALS CAN’T. It's time to treat real estate professionals fairly. It's time to permit Personal Real Estate Corporations in Ontario.

Tell your MPP to support Bill 38, the Tax Fairness for Real Estate Professionals Act, 2018.

Thank you for the of support so far.
This is just the beginning.

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Vote Yes on Bill 38, Tax Fairness for Real Estate Professionals. Cutting real estate red tape! @BobBaileyPC #onpoli realtortaxfairness.ca

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Support @ToddSmithPC & @BobBaileyPC in cutting red tape on real estate professionals #onpoli realtortaxfairness.ca

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Thanks to @ToddSmithPC & @BobBaileyPC REALTORS® are one step closer to forming personal corporations. #onpoli

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ISSUE

Currently, Ontario real estate salespeople are prevented by the Real Estate and Business Brokers Act (REBBA), 2002 from incorporating their businesses through a personal real estate corporation (PREC).

ONTARIO LEGISLATION IS DISCRIMINATORY

Other regulated professions, including chartered accountants, lawyers, health professionals, social workers, mortgage brokers, insurance agents, architects and engineers, can all form personal corporations.

OTHER PROVINCES

Since 2008, British Columbia, Quebec, Manitoba, Saskatchewan, Alberta and Nova Scotia have all moved to allow real estate salespeople to incorporate.

NO COMPROMISE TO CONSUMER PROTECTION

Real estate salespeople who form personal corporations will continue to be subject to all professional and ethical obligations under REBBA, 2002.

SOLUTION

OREA calls on the Ontario government to amend REBBA, 2002 to permit real estate salespeople to incorporate.

Allowing personal real estate corporations will help REALTORS® with their small businesses, level the playing field with other regulated professions and harmonize the practice with other provinces.