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Real Estate & Development

Some personal real estate corporations now required to register with WorkSafeBC

Jurisdiction: - British Columbia

The following was in the BC Government's "Employers' Advisers" Winter 2008 newsletter:

Amendments to the Real Estate Services Regulation which will allow individual real estate licensees to form personal real estate corporations as of January 1, 2009 mean some licensees will be required to register with WorkSafeBC.

Under the Workers' Compensation Act, incorporated companies are required to register with WorkSafeBC to cover workers and any principal active in the company's operations.

For real estate agencies, the base rate for 2009 is $0.19 per $100 of assessable payroll; one of the lowest rates ofv any industry.