The benefits of incorporated range from protection of personal assets to effective corporate tax rates which allow your business to grow without having to fill the government tax office!

Incorporation benefits include:

• Using our corporate agent, your incorporation is formed in as little as same day for under $900 for most Provinces.
• Easy to follow questionaire with our office ready to assist in completing this.
• We will explain all aspects of incorporating to directors, officers, share structure etc.
• Ability to your incorporated company to select their year-end¹ which can allow substantial tax deferrals.
• Corporate Tax rate less than 20% for net income up to $500,000. For example, if your income hits $250,000, your personal tax rate might average out to 33% federally. The federal tax rate for incorporated businesses is 15% and could be as low as 9%. Applicable provincial tax rates would also apply.
• Income Splitting means you can pay dividends to your spouse and children. This strategy offers great flexibility to an incorporated business since the dividends paid can vary from year to year, as can the recipients receiving them.  This can result in lowering your tax bracket. Our office will of course walk you through this process and the tax planning.
• Continued operation with both voting and non-voting share structures.
• Corporation earns its own credit rating, separate from the shareholders.
• Limited Liability which means with a coporate claim, the shareholders are not personally liable².

• Lifetime Capital Gains Exemption. When you make a profit from the sale of the incorporated business, the Lifetime Capital Gains exemption (LCGE) could save you on paying taxes on all or part of the profits from the sale.

• Anyd many more, we suggest you schedule a consultation with your dedicated accountant to discuss all of the benefits.