A corporation which is incorporated in Canada and is controlled by private corporations or individuals who are Canadian residents will normally qualify as a “Canadian-controlled private corporation”. This status allows it to claim the small business deduction, a reduction of the normal corporate income tax rate on the first $500,000 of a corporation’s annual taxable income earned from carrying on an active business in Canada.
We help our clients to choose the right business structure as protection and careful understanding is always better than legal action. The company has its own identity, which grows with time. A careful choice of the business structure is an important decision, which distinguish you from your competitors.
Incorporating a business, help towards Limited Liability, Tax Advantage, Raising Capital or Loans & Transferability of ownership. We help our client to set up new corporation with full business planning. Incorporating a business is one the best way to protect personal assets.
Types of corporations
- Profitable business (Federal or Provincial)
- a not-for-profit
Professional Corporations
- Dentists
- Doctors
- Lawyers
- Pharmacists
- Chiropractors
Extra Provincial Set up
- We help our client to submit full forms to Ministry and Business Registration process.
If you are a small Business owner and wants to know about the Business Tax benefits, incorporating a business, we are happy to assist you.