Saturday, 15 March 2014

Advantages of Incorporating Your Business or Profession in Canada

There are huge advantages in incorporating your business or profession.  Some of those advantages are as follows:

-Limited Liability. (Except for Professional Liability)
-Low rate of taxation
-Capital gains exemption on the disposal of the shares of the corporation.
-Income splitting
-Tax saving on payment of life insurance premium
-Deferring personal tax.
-Purchase real estate to use as professional office.
-Purchase of automobile and business assets. 
 -Estate and succession planning opportunities

See more at: Q & A on incorporating your business or profession

This blog is for general information only and cannot replace professional advice.
The reader is invited to contact the writer to discuss the contents of the newsletter.
Readers are advised to seek professional advice before acting on the material
in this newsletter
 

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