Real Estate Technologies for Brokers on the Go!

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As a successful Realtor®, there are lots of great reasons why you might want to incorporate your business – like prestige, legal protection and substantial tax savings year on year.

But there’s an awful lot of work involved in opening a brokerage. Applying for a licence, filing paperwork, setting up an office and hiring staff – it can be an ordeal just trying to work out what’s required.

And it’s not just the set up hassles that ...

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Is Owning a Real Estate Brokerage Financially Feasible?

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As a successful Realtor®, there are many great reasons to set up your own brokerage – like prestige, legal protection and tax savings of over $50k per year.

But a brokerage doesn’t come cheap. Even the set up costs, like equipment, furniture, and infrastructure, can be a major stumbling block, although the regular tax savings make this initial outlay worthwhile.

The bigger worry for most aspiring real estate brokers is the thought of all the ongoing expenses. Like any other business, there’s ...

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Income Splitting for Real Estate Brokers

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As a self-employed Realtor® you pay tax based on marginal tax rates. Once you reach each threshold amount, the next dollar you earn is taxed at a higher amount. Individual tax rates in Ontario increase gradually up to a massive 49.5% – almost HALF your earnings.

Corporations pay a flat rate of 15.5% tax on net earnings up to $500k – so you can significantly cut your tax rate when you incorporate. And that’s not the only way you’ll save money. ...

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Want to have a Real Estate Brokerage you can be proud of?

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As a successful Realtor®, there are lots of great reasons to incorporate your business – like prestige, legal protection and substantial tax savings.

Of course, the Real Estate Council of Ontario (RECO) won’t allow you to incorporate your business unless you set up a brokerage. And the thought of all the cost and hassle involved is enough to stop many Realtors in their tracks.

• How much will it cost to have your own office, staff and ...

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