Tag: development

Should you incorporate your small business?

When a business is started, it can be structured as a proprietorship, partnership, or corporation. Proprietorship A sole proprietorship is one person operating a business, without forming a corporation.  The income of the business is then taxed in the hands of the owner (the proprietor), at personal…

COVID19 Resources – Personal & Business (Updated 5/21/2020)

General Information: (Updated 5/21/2020) **Expanded criteria for CEBA – to allow Sole Props to claim** Most updated interactive guide to programs available: https://www.canada.ca/en/department-finance/economic-response-plan.html -This encompasses Individual, Business & Industry General info on benefits with all relevant links for even more info!  https://newsinteractives.cbc.ca/coronavirusbenefits/ General Links:…