Ontario based realtors are under a significant tax disadvantage due to some confusing combination of the rules related to their professional body (The Real Estate Council of Ontario also known as RECO) and the provincial government.

In contrast to other provinces, realtors in Ontario are effectively prevented from operating their professional activities through a corporation despite many years of discussions and lobbying. There is no reason to believe that “the powers that be” will change their views anytime soon. Perhaps insignificant ...