Jun 9, 2017 – (See How to Incorporate Your Business in Canada for information on the process of incorporation in Canada.) But is incorporation a wise … If you incorporate your small business, you can determine when and how you receive income from the business, a real tax advantage. Instead of taking salary from the …

Jan 4, 2013 – Raising money can be easier: Incorporated businesses can sell shares and equity to drive growth. Tax advantages: Each example is unique, but corporations can benefit from Canada's small business deduction (16% on the first $200,000 of taxable income). You can also choose to defer certain tax …

The name must be distinctive and it must not be misleading or likely to be confused with names used by other organizations and businesses. In general, a corporate name is distinctive if it does not make those who encounter it think of another organization or business. Corporations Canada applies very rigorous standards …

The Canada Revenue Agency offers information for Canadian small businesses, including information on tax benefits and implications of incorporation, business and professional income, and payroll deductions.

Sole proprietorship; Partnership; Corporation; Provincial or territorial incorporation; Co-operative; Registering your business; Changing your legal status … Do you really need a lawyer when you start your small business? … Find out how to register your business, and what you need to know about provincial incorporation.

Dec 3, 2017 – If the business is profitable, it will usually be paying higher taxes than if it was incorporated as a Canadian Controlled Private Corporation (CCPC). The lowest personal income tax rate paid by a proprietorship would range from 19% to 26% (in 2015), depending on the province/territory. This rate increases …

The basic difference is one of scope; does your business need to be able to do business across Canada or is the majority of your business in one province? Federally incorporating your business is more expensive and involves more paperwork (both during the incorporation process and every year afterwards), but the big …