Tax Benefits of Incorporating in Canada

If you are unfamiliar with the tax benefits of incorporating in Canada, they are significant and can help your operations in a number of ways.

For many business owners, the tax benefits of incorporating are an important reason to move forward with the incorporation process. If you are unfamiliar with the tax benefits of incorporating in Canada, they can be significant. Some examples of tax benefits only available to incorporated companies are the Small Business Deduction and the Lifetime Capital Gains Exemption. The Small Business Deduction is a reduced tax rate on a portion of corporate income that is only available to certain incorporated companies which are Canadian Controlled Private Corporations. The Lifetime Capital Gains Exemption is an exemption from capital gains tax on a portion of the taxable capital gains realized on the sale of qualified small business corporation shares.

If you are unsure whether you should incorporate your business, at New Business, we would be more than happy to review the tax benefits of incorporating with you. We pride ourselves on the quality of our services and the attention to detail we provide for each of our clients, and we are eager to help you discover the many benefits, tax and otherwise, that come from incorporating.

When you decide to incorporate in order to take advantage of the tax benefits, we can help you with all aspects of the process. We have three convenient incorporation packages to offer, and each one features an all-inclusive fee structure.

At New Business, we believe that incorporating your business should be easy, quick and stress free. Please reach out to us today to find out more about why you should incorporate your business and how we can help you to create a fully incorporated business.

Incorporation Services in Canada

Tax Benefits of Incorporating in Ontario

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