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Tax Benefits of Incorporating in Toronto

You may be surprised to learn that the tax benefits of incorporating in Toronto can be significant.

If you are a business owner, you may be wondering whether incorporating your business is worth the effort. In fact, the tax benefits of incorporating can be an important reason to incorporate. You may be surprised to learn that the tax benefits of incorporating can be significant in Canada, and if you are unfamiliar with the advantages, we recommend that you consult with an accountant or other tax advisor.

Several examples of tax benefits that are available only to companies that are incorporated include the Small Business Deduction and the Lifetime Capital Gains Exemption.

  • Small Business Deduction – Only available to certain incorporated companies (specifically Canadian-controlled private corporations), these corporations receive a reduced tax rate on a portion of corporate income.
  • Lifetime Capital Gains Exemption – An exemption from the capital gains tax on a portion of the taxable capital gains attained from the sale of qualified small business corporation shares.

If you have determined that the tax benefits of incorporating will benefit you and you would like to get started with the process, we are more than happy help. We are proud to provide quality services and attention to detail for each of our clients.

We offer convenient incorporation packages, each of which offers an all-inclusive fee structure. Eric P. Cohen, Barrister & Solicitor, an Ontario lawyer, can assist you with the incorporation of your business in Toronto, Ontario or elsewhere in Canada. Contact us today to find out more about how we can assist you.

Tax Benefits of Incorporating in Canada
Tax Benefits of Incorporating in Ontario

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