How Much Does It Cost to Set Up a PREC in Ontario? (2026)
What it actually costs to set up and run a Personal Real Estate Corporation in Ontario, beyond the $300 government filing fee. ● Quick Answer The fixed government cost to incorporate a Personal Real Estate Corporation (PREC) in Ontario is $300 when the Articles of Incorporation are filed online. If you choose a named corporation instead of a numbered corporation, you will also need an Ontario-biased or weighted Nuans® name search report from a private provider. Beyond those costs, the total price depends on whether you incorporate yourself or use a PREC-specific service to prepare the corporation’s share structure, minute book, and other setup documents. The $300 incorporation fee is only the starting point. A PREC has specific requirements that a standard Ontario corporation does not necessarily address, including rules for its controlling shareholder, voting shares, director and officer positions, and the written agreement involving the PREC, controlling shareholder, and ...