Product Info

A Corporation registered or incorporated under the Business Corporations Act is called an Ontario Corporation. It is recognized as a separate entity from its owners for legal and tax purposes.

Corporations can generally conduct any lawful business as well as the actions necessary to conduct the business, like entering into contracts, owning assets, borrowing money, hiring employees and setting up a bank account of its own. However, a PREC should not trade in real estate other than to provide the services of its controlling shareholder to the brokerage

It is the right choice if you want a business structure with a limited liability.

Other names:

  • PREC Ontario
  • Ontario Limited Company
  • Ontario Corporation
  • Ontario Limited Liability Company
  • Ontario Standard Company


Who can incorporate:

  • A licensed realtor.
  • Currently there is no citizenship or residency requirement for the person who can be the director, officer, and shareholder.

What is required for Ontario Personal Real Estate Corporation:

  • A name approval number from Ontario for the company.
  • A physical address or street address in the Province of Ontario.
  • The licensed realtor must be the sole president, director and voting shareholder.

What you get

After registering the Ontario Personal Real Estate Corporation, you will receive the following as pdf documents by email:

Articles Sample Docs
Certificate of Incorporation
Sample Document
Articles of Incorporation
Sample Document
Business Number
Sample Document
Minute Book (if included)
Sample Document
Share Certificate (if included)
Sample Document
Corporation seal (if included)
Sample Document
CRA Program Accounts (Business Number, Corporate Tax ID, GST/HST, Payroll, Export-Import)
Sample Document
The Workplace Safety and Insurance Board (WSIB) registration (if included)
Sample Document
Initial Returns (if included)
Sample Document
Annual Returns reminder (if included)
Sample Document


we have 3 processing queues:

  • Regular Queue: Corporation can be ready in 10 business days.
  • Express Queue: Corporation can be ready 1 business day.
  • Super-Express Queue: Corporation can be ready 2 business HOURS.


Are there any rules or restrictions on the name of PREC?

In General, there are no rules specific to PREC corporations other than the rules applicable to standard corporations.

Can more than one realtors for an PREC?

A personal real estate corporation must be just that – personal, with one controlling individual.

Can my family members be shareholders ?

Family members can be non-voting share holders only.