Tax Benefits of Incorporating in Markham

There can be many tax benefits of incorporating your business.

Are you undecided about whether you should incorporate your business in Markham, Ontario? There can be many advantages, including tax benefits, that come with completing the incorporation process. For many business owners, the tax benefits of incorporating are one of the primary reasons why they choose to incorporate.

One of the tax benefits of incorporating includes being able to claim the small business deduction. With this deduction, your corporation will benefit from a reduced tax rate on a portion of its income. This benefit is only available to incorporated companies that qualify as Canadian Controlled Private Corporations.

Another of the tax benefits of incorporating is the lifetime capital gains exemption. This tax provision exempts individual shareholders from capital gains tax on a portion of the taxable capital gains realized when they sell qualified small business corporation shares.

When you are ready to incorporate, Eric P. Cohen, Barrister & Solicitor, an Ontario lawyer, can take care of the incorporation process. Our incorporation packages feature an all-inclusive fee structure, and we ensure incorporating is a stress-free, and straightforward experience. To find out more, contact us at New Business Now.com.