Bill 69, the Tax Fairness for Realtors Act, 2015, received first reading in the Ontario legislative assembly on February 26, 2015. The explanatory note accompanying the Bill reads as follows:
The Bill amends the Real Estate and Business Brokers Act, 2002 to permit a personal real estate corporation to be registered as a broker or salesperson. A personal real estate corporation must be incorporated as a professional corporation under the Business Corporations Act and be authorized only to trade in real estate.
In addition, the Bill amends the Real Estate and Business Brokers Act, 2002 to permit a brokerage to pay commission or other remuneration to a personal real estate corporation of an individual broker or salesperson that it employs.
Postscript: The Bill, it appears, was introduced by a Conservative MPP.
