When Should You Incorporate? A Guide for Self-Employed Canadians

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When Should You Incorporate? A Beginner’s Guide for Self-Employed Canadians If you’re a freelancer, consultant, contractor or sole proprietor, someone has probably told you that you“should incorporate once you hit a certain income.” It’s one of the most common pieces of advice in Canadiansmall business circles, and one of the least useful, because it leaves […]

Corporate Tax Strategy for Mid-Year: 3 Reasons to Check Your Corporate Tax Setup Today

Maximizing Year-Round Business Tax Deductions 3 Reasons to Check Your Corporate Tax Setup Today 1. Realignment of Salary vs. Dividends Split First, as an incorporated business owner, you likely split your personal income between a regular salary and corporate dividends. However, your personal cash needs and business revenue may have changed significantly over the last […]