This afternoon, Bill 104, Tax Fairness for Realtors Act, 2017 will be debated and voted on.
The debate and vote can be streamed here
Debate will run from 1:45pm-2:45pm.
The vote will take place between 4:30pm and 4:45pm.
In support of the Bill, The Ontario Real Estate Association recently launched realtortaxfairness.ca.
“OREA is working to make sure Ontario realtors are treated fairly,” said Ettore Cardarelli, President of OREA. “Most professions in Ontario have the ability to form personal corporations, but not realtors. This legislation is about giving Realtors the same business rights as everybody else.”
If passed, the Bill would allow agents to form personal real estate corporations.
“Realtors are pillars of their communities and hardworking small business owners,” said Tim Hudak, OREA CEO. “Personal real estate corporations will help them offer more services to clients, invest in new technology and create jobs in their community.”
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
A Bill that will allow real estate professionals to incorporate in Ontario will be debated and voted on today. And you can watch it live.