The Government of Ontario has introduced new legislation as of October 01, 2020, bypassing Bill 45, Trust in Real Estate Act, 2020 which will bring in a plethora of changes to the old Real Estate and Business Brokers Act, 2002 by permitting the Personal Real Estate Corporations (PRECs). PREC allows self-employed realtors in Ontario to have access to the advantages of operating their business through a corporation. These advantages include tax planning and estate planning options...