As you may have received an email from OREA, there is a proposed bill in regards to REALTORS®) tax filing.
MPP Todd Smith has reintroduced Bill 104, the Tax Fairness for Realtors Act, 2017, which is being co-sponsored by MPP Mike Colle and MPP Catherine Fife. The bill if passed, would allow Ontario REALTORS® to form personal real estate corporations (PRECs).
While we have been down this road before, this time it’s different.
For the very first time, the Tax Fairness for Realtors Act, 2017 will be debated by MPPs at Queen’s Park on March 23rd. This is an extraordinary accomplishment.
But OREA needs your help!
Please take a few minutes and email your MPP to ask them to support this important Bill. If we can get MPPs to vote yes to Bill 104 on March 23rd, it will bring this important legislation one step closer to becoming law.
Taking action is simple.
If you have any questions, please do not hesitate to contact OREA Government Relations team.
Thank you for your support!