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Tax Benefits of Incorporating in Ontario

For many business owners in Ontario, the tax benefits of incorporating are an important reason to move forward.

If you are undecided about whether to incorporate your business in Ontario, you may find that there can be a number of tax benefits that come with the use of an incorporated company. In fact, for many business owners, the tax benefits of incorporating are an important reason for incorporating their business.

Two examples of tax benefits only available to incorporated companies are:

  • Small Business Deduction - A reduced tax rate on a portion of corporate income that is only available to certain incorporated companies which qualify as Canadian Controlled Private Corporations.
  • Lifetime Capital Gains Exemption - An exemption from capital gains tax on a portion of the taxable capital gains realized on the sale of qualified small business corporation shares.

We recommend that you consult with an accountant or other tax advisor in order to determine whether incorporation will be beneficial from a tax perspective in your situation. We can then review the legal advantages of incorporating with you, so that you feel confident in choosing this avenue for your business. Each of our clients enjoys quality services and the attention to detail that we provide.. We can help with all aspects of the process when you are ready to incorporate, and our three convenient packages each feature an all-inclusive fee structure.

Incorporating your business is stress-free when you work with Eric P. Cohen, Barrister & Solicitor, an Ontario lawyer, to achieve your goals. To find out more about the our numerous services available to meet your needs, contact us today to learn more. We will work with you to make the process quick and easy.

Tax Benefits of Incorporating in Canada

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