Register Personal Real Estate Corporation Online Saskatchewan

Step 1-3

Register a Personal Real Estate Corporation (PREC) in Saskatchewan

To register a Personal Real Estate Corporation (PREC) in Saskatchewan, allows a real estate agent to earn their business income through a corporation and can provide huge tax benefits for agents. Registering is easy: simply complete our details which will take few minutes. Once submitted, our dedicated registry specialist will carefully review your information. Your documents will then be promptly delivered to you via email.

Agency Fees

Government Fees

Business Name

Corporate Tax Id

Who can register a PREC?

Licensed real estate agents seeking to receive their brokerage remuneration through a corporation can establish a Personal Real Estate Corporation (PREC).

What are the benefits of PREC?

Tax Benefit: By Incorporating a PREC you can have all the tax benefits.
Hiring Spouse and Income Splitting: You have the option to defer taxes and distribute your withdrawals among family members. For example, if you employ your spouse to manage advertising, you can split the withdrawal income between yourself and your spouse.
Legal and Debt Liability: A key advantage of a PREC is its creation of a separate legal entity, your personal assets are secure. Operating under a PREC means that any debts or legal obligations are tied to the company and its assets, safeguarding your personal assets from liability.

Step 2-3

WHAT NAME CAN I USE FOR THE PREC?

There are no limitations or specific requirements with respect to the name of a PREC other than those imposed on any business corporation incorporated or continued under the Business Corporations Act. The name must meet the normal rules for corporate names and should not suggest that the PREC itself is trading in real estate.

An example of an appropriate name would be the individual Registrant’s name followed by a “Personal Real Estate Corporation”. For example: “William Beckham Personal Real Estate Corporation. (The name must be end with the Personal Real Estate Corporation).

Enter your Corporation Name

Name Approval

Corporation Address

Street Address

City

Province

Postal Code

Registration Queue

Registration Queue- After Name is APPROVED

Step 3-3

Corporation Director

One PREC Controlled by One Registrant.

Controlling registrant” holds all the important roles in the corporation.

Control of the PREC cannot be delegated.

First Name

Middle Name (Optional)

Last Name

Address Service

Share Structure

An unlimited of common shares

One Class of Shares

Two Shares-Class A common voting, Class B- non-voting shares $90

Annual Return

Do you want us to file the annual return?

Any Additional Notes

Saskatchewan Personal Real Estate Corporation