Real Estate Teams: Why put your keys of success in someone else’s pocket?

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Running a successful real estate business on your own is hard. When you have to handle every deal yourself you can end up missing out on great business opportunities just because you don’t have the time to pursue them. When the time comes to start hiring people to work with you, you take your business to the next level. You can leverage their knowledge and relationships to rapidly grow both your reputation and your profits.

But if you’re working under the ...

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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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