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This video covers a unique tax savings strategy for real estate agents in Canada. If you are a real estate agent, then it is very important that you watch this video. As a real estate agent in the top marginal bracket in the province of Ontario, you are paying tax at a rate of 46.4%. Now, wouldn't it be nice if you could incorporate and pay tax at a rate of 16.5%? 16.5% is the corporate income tax rate for small businesses in Canada. Unfortunately, the Real Estate Council of Ontario (RECO) does not permit Real Estate agents to incorporate. So how do we solve this dilemma? It involves a series of steps using a management company. This video will walk you through those steps. Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharter... Add us on Google Plus - https://plus.google.com/u/1/108551869... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Table Of Contents 01:07 - Create A New Corporation Owned By Your Spouse 01:30 - Expenses Managing Company Should Pay For 01:59 - Labour Hours 02:13 - Pay Monthly Cheque To Management Company Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.