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Personal Real Estate Corporation (PREC) guide for Ontario REALTORS explaining what a PREC can and cannot do, naming rules, tax benefits, and compliance requirements

PREC for REALTORS® in Ontario: What You Can (and Cannot) Do — and How to Set It Up Properly

21 December 2025 TAX4 LESS.CA
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Finance, Incorporation, Individual, Uncategorized

Are you an Ontario REALTOR® looking to maximize your income and navigate the complexities of Personal Real Estate Corporations (PRECs)? With rising tax rates and strict regulations, understanding what a PREC can and cannot do is crucial. From tax advantages to naming rules, our comprehensive guide covers everything you need to know to set up your PREC properly. Avoid costly mistakes that could lead to penalties or lost tax benefits. Discover how TAX4LESS.CA specializes in creating tailored solutions for REALTORS® like you, ensuring your PREC is structured for success. Don’t leave your financial future to chance—read on!

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Infographic titled “Understanding the Various Forms of the Landlord and Tenant Board (LTB) in Ontario,” showing twelve key LTB forms with short explanations, including forms N4, L1, N5, L2, N12, N13, T2, T6, L9, and A1

Form L1 – Application to Evict a Tenant for Non-Payment of Rent and to Collect Rent Owed (Ontario LTB Guide)

27 October 2025 TAX4 LESS.CA
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When a tenant fails to pay rent on time, landlords in Ontario can take action using Form L1 to evict the tenant and recover unpaid rent. This process, governed by the Residential Tenancies Act, involves strict timelines and procedural requirements. From serving the initial notice to enforcing an eviction order, understanding each step is crucial for both landlords and tenants. Discover how to navigate this complex process, protect your rights, and ensure a fair resolution. Whether you're a landlord seeking to reclaim lost rent or a tenant wanting to understand your options, this guide is essential for you.

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Infographic titled “Understanding the Various Forms of the Landlord and Tenant Board (LTB) in Ontario,” showing twelve key LTB forms with short explanations, including forms N4, L1, N5, L2, N12, N13, T2, T6, L9, and A1

Understanding the Various Forms of the Landlord and Tenant Board (LTB) in Ontario

25 October 2025 TAX4 LESS.CA
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Uncategorized

Navigating the complexities of rental housing in Ontario can be daunting for both landlords and tenants. The Landlord and Tenant Board (LTB) offers a variety of forms tailored to address specific issues under the Residential Tenancies Act. From notices for non-payment of rent to applications for eviction or tenant rights, understanding these forms is crucial for protecting your interests. Whether you're facing a dispute or seeking to enforce your rights, knowing which form to use and when can make all the difference. Dive into our comprehensive guide to ensure you're well-equipped to handle your tenancy challenges effectively!

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Illustration comparing RRSP, TFSA, and FHSA savings accounts in Canada, with icons of a calculator, coins, a maple leaf, and a house representing financial planning and tax strategies.

RRSP, TFSA, and FHSA: Which Account Should You Maximize First?

23 October 2025 TAX4 LESS.CA
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When it comes to saving and investing in Canada, choosing between the RRSP, TFSA, and FHSA can be daunting. Each account offers unique tax advantages tailored to different financial goals and life stages. Are you saving for your first home, planning for retirement, or seeking flexible savings options? Understanding how to maximize these accounts can significantly impact your wealth. In this article, we’ll break down the benefits of each account and guide you on the best strategy to achieve your financial objectives. Discover how to make your money work harder for you!

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YOU ARE INCORPORATED WHATS NEXT

Next Steps After Incorporating Your Business: A Comprehensive Guide

4 November 2024 TAX4 LESS.CA
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Congratulations on your new business venture! Incorporating your business is just the first step in a rewarding journey. To ensure your corporation thrives, it’s essential to navigate the crucial next steps, from appointing directors and holding organizational meetings to developing by-laws and issuing shares. This comprehensive guide will walk you through the process, helping you maintain compliance and set a solid foundation for future growth. Don’t let the complexities of corporate governance overwhelm you—discover how to keep your corporation in good standing and avoid potential pitfalls. Read on to unlock the secrets to successful business management!

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Incorporation for CAD $375 - All Government Fees Included. Call 647-825-4243*

Incorporation for CAD $375 – All Government Fees Included. Call 647-825-4243*

2 November 2024 TAX4 LESS.CA
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Uncategorized

Incorporating your business can be a game-changer for your entrepreneurial journey. With benefits like limited liability protection, tax advantages, and enhanced credibility, the decision to incorporate is one that can significantly impact your success. Imagine protecting your personal assets while enjoying lower tax rates and greater access to capital. Plus, with perpetual existence, your business can thrive beyond your ownership. At Tax4Less.ca, we make the incorporation process simple and affordable, ensuring you can focus on what truly matters—growing your business. Ready to unlock these advantages? Call us today at 647-825-4243 and take the first step toward a brighter future!

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Incorporation tax Penalties

Incorporation Income Tax Payment and Penalties in Canada

21 September 2023 TAX4 LESS.CA
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Uncategorized

Paying income tax is a vital responsibility for corporations in Canada, and understanding the intricacies of tax obligations can significantly impact your business's financial health. In our comprehensive guide, we delve into essential topics such as payment methods, important due dates, and potential penalties for non-compliance. Discover how Tax4Less can simplify your tax journey with expert services, including CRA representation and incorporation assistance starting at just $375*. Don't let tax complexities overwhelm you—read on to ensure your corporation stays on track and compliant with tax regulations!

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Penalties if you Do Not Repote Income

Incorporation Tax Penalties: If you do not report income to CRA

19 September 2023 TAX4 LESS.CA
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Navigating your corporation's tax obligations can be daunting, especially with the Canada Revenue Agency (CRA) imposing strict penalties for unreported income and inaccuracies. Did you know that failing to report just $500 can lead to significant fines? In our comprehensive guide, we break down the penalties you could face and offer expert insights on how to avoid them. Plus, discover how Tax4Less can assist you with incorporation and CRA representation, ensuring you stay compliant and confident in your tax matters. Don't let tax complexities overwhelm you—read on to learn more!

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Dispute Resolution Process with CRA Incorporation Business Personal

Dispute Resolution Process with the CRA, Business, Personal, Incorporation

17 September 2023 TAX4 LESS.CA
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Resolving tax disputes with the Canada Revenue Agency (CRA) can feel overwhelming, but you don’t have to navigate it alone. Understanding your rights and the steps to file a formal dispute is crucial. From open communication to filing objections, our comprehensive guide will equip you with the knowledge you need to tackle disagreements effectively. Whether you're a large corporation or an individual taxpayer, knowing how to present your case and maintain proper records can make all the difference. Dive in to discover how to protect your rights and achieve a favorable resolution with the CRA!

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Incorporate you business for $375 All Government fees Included- Contact tax4less.ca

Ontario Interactive Digital Media Tax Credit for Incorporations

11 September 2023 TAX4 LESS.CA
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In the rapidly changing world of digital media, the Ontario Interactive Digital Media Tax Credit (OIDMTC) stands out as a vital resource for businesses seeking financial support. With the challenges brought on by the COVID-19 pandemic, Ontario has introduced temporary measures that extend crucial deadlines, offering a lifeline to companies working on interactive digital media projects. This refundable tax credit not only supports entertainment and educational products but also includes exciting new developments for large digital game corporations. Discover how your business can benefit from the OIDMTC and navigate the complexities of tax credits to maximize your potential!

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