Tax-Talk Series: The REALTOR®’s Guide to Tax Planning
A 5-Week Virtual Education Series
Five Experts. Five Weeks. One Goal: Smarter Tax Planning for Agents.
Taxes can be one of the most confusing – and costly – parts of running a Personal Real Estate Corporation (PREC). That’s why we’ve brought together five expert accountants, each with years of experience working with real estate agents, to answer your biggest tax questions.
Over five weeks, you’ll learn how to structure your business, avoid CRA headaches, plan for the future, and make the most of your PREC. Each session is hosted by JoAnne Martin, CFP® of The PREC Planners and features a different tax professional bringing their unique expertise to the table.
FREE
To Attend
Virtual
(via Zoom)
Open
to all real estate professionals
Sessions
Session 1: Real Estate Inside Real Estate:
Rental Properties, Passive Income, and Your PREC
Thursday, October 30, 2025 | 12:00pm EST | Virtual Session (via Zoom – link provided upon registration)
Kishan Mooljee, CPA, CA, CPA (Illinois) | MAcc M&Co LLP
What You’ll Learn:
Many real estate agents own rental properties – but are they structured the right way? In this session, accounting expert Kishan Mooljee will share practical insights on:
- Whether to hold rental properties personally, in your PREC, or in a holding company
- How CRA views active vs. passive income inside your PREC
- Tax traps to avoid when combining rental income with real estate sales income
- Long-term strategies for succession, capital gains, and exit planning
WHO IT’S FOR:
Agents who already own rental properties and want to understand the tax and wealth planning implications.
About the Speaker
Kishan Mooljee, CPA, CA, CPA (Illinois), MAcc, is a Partner at M&Co LLP with more than 25 years of experience in tax planning, financial statement analysis, and business advisory services. A University of Waterloo graduate, he works extensively with real estate agents, PRECs, medical corporations, small businesses, and technology firms. Kishan also leads a modern cloud-based practice using QuickBooks Online, Wave, and Xero.
Session 2: Audit-Proof Your PREC:
Bookkeeping Best Practices for Real Estate Professionals
Thursday, November 6, 2025 | 12:00pm EST | Virtual Session (via Zoom – link provided upon registration)
Scott Armstrong, Partner | Synapse Accounting Group
What You’ll Learn:
Good bookkeeping isn’t just about keeping the CRA happy – it’s the foundation of a financially healthy PREC. In this session, tax accountant Scott Armstrong will share how to stay audit-ready while building stronger financial systems for your business.
- Why every PREC needs professional bookkeeping support
- The most common bookkeeping mistakes real estate agents make
- What CRA looks for when flagging an audit of your PREC
- Proactive steps to prevent an audit before it starts
- How to leverage bookkeeping systems and technology to save time and reduce errors
WHO IT’S FOR:
Agents who want to avoid costly CRA issues and gain confidence in how their PREC records are managed.
About the Speaker
Scott Armstrong is a tax accountant and tech-forward business consultant with more than 25 years of experience in public accounting. As the founder of Synapse Tax, he specializes in corporate, personal, and estate tax planning, while also advising clients on bookkeeping systems and accounting technology. A QuickBooks Online ProAdvisor, Scott is passionate about helping business owners – especially real estate professionals with PRECs – simplify their finances and stay audit-ready through smart, tech-driven solutions.
Session 3: Winding Down Your PREC
What Happens When You Retire or Pass Away?
Thursday, November 13, 2025 | 12:00pm EST | Virtual Session (via Zoom – link provided upon registration)
Michelle Bouchard, CPA, CA | HW Partners
What You’ll Learn:
What happens to your PREC when you’re done selling real estate? Whether it’s retirement, career change, or death, your PREC doesn’t close itself. In this session, tax expert Michelle Bouchard will walk you through the steps and strategies to manage your PREC when winding down your career.
- What happens to the retained earnings in your PREC when you retire or pass away
- Tax consequences and planning opportunities when winding down a PREC
- How to transition corporate wealth to personal wealth, or to your estate
- Common pitfalls and missed opportunities when agents close their corporations
WHO IT’S FOR:
Agents nearing retirement, considering a career transition, or wanting to understand what happens to their PREC in the future – before it’s too late to plan.
About the Speaker
Michelle Bouchard is a Partner at HW Partners, where she advises professionals, entrepreneurs, and business owners on a wide range of tax planning strategies. With a particular focus on the real estate sector, she helps clients navigate the complexities of corporate structures, succession planning, and tax-efficient transitions.
Session 4: Do You Really Need a HoldCo?
How PRECs, Holding Companies, and Other Corps Fit Together
Thursday, November 20, 2025 | 12:00pm EST | Virtual Session (via Zoom – link provided upon registration)
Purvish Shah, CPA, CA | Adian Professional Corporation
What You’ll Learn:
Real estate agents often hear they should “get a HoldCo,” but when does it actually make sense? In this session, tax expert Purvish Shah will break down how Holding Companies fit into your business structure – and when they truly add value.
- What a Holding Company is (and isn’t)
- How Holding Companies interact with your PREC
- When a second corporation adds value – and when it doesn’t
- Tax, liability, and legacy considerations to keep in mind
- Key considerations for agents who also own another corporation (like a brokerage)
WHO IT’S FOR:
Agents with corporate savings building up, or those considering a HoldCo for tax deferral, risk protection, or succession planning.
About the Speaker
Purvish Shah, CPA, CA, has over 15 years of experience specializing in tax planning for owner-managed and privately held corporate groups. His practice focuses on three pillars of tax planning: corporate reorganizations to protect wealth, trust and estate planning to transition wealth, and structuring purchase and sale transactions to maximize the Lifetime Capital Gains Exemption (LCGE). Outside of work, Purvish enjoys photography and traveling.
Session 5: How to Pay Yourself and Your Family the Right Way
Thursday, November 27, 2025 | 12:00pm EST | Virtual Session (via Zoom – link provided upon registration)
Chris Dobbs, President | Tax Giant Inc.
What You’ll Learn:
Once your PREC is set up, the next big question is: how do you get paid? In this session, tax expert Chris Dobbs will explain how to build the right compensation strategy for you and your family.
- Salary vs. dividends: what’s the difference and which is better?
- How to legally pay your spouse or adult children from your PREC
- The impact of TOSI (Tax on Split Income) and how to avoid penalties
- Building a compensation plan that balances tax efficiency, CPP, and personal cash flow needs
WHO IT’S FOR:
Agents ready to optimize their personal income and take advantage of family planning opportunities – without triggering unnecessary tax.
About the Speaker
Chris Dobbs is the founder of The Tax Giant, a full-service accounting firm established in 2020 that provides affordable tax solutions to individuals and businesses across Canada. With more than 12 years of professional experience and a specialty in the real estate sector, Chris has worked with over 100 PREC clients, helping agents build tax-efficient compensation and family income strategies. Known for his practical approach and deep knowledge of CRA rules, he is a trusted resource for real estate professionals looking to get the most out of their corporations.
