Tag: Should I incorporate?

Small Business Tax Strategies – Reduce Income Tax (2020)

There are many ways for small businesses to legally reduce their income taxes in Canada. This guide offers some of the top strategies to lower your taxes and keep more money in your business. ARTICLE TABLE OF CONTENTS Always Collect Receipts Manage RRSP and… Continue Reading “Small Business Tax Strategies – Reduce Income Tax (2020)”

“Sole Proprietorship vs Incorporation” – Planning your business strategy

Should you incorporate your small business? (Sole proprietorship, partnership etc) Jumping from Sole Proprietorship to Corporation in Canada? We’ll break it down step by step. Earning side income or owning a small business can be a very rewarding experience, both emotionally and financially. The… Continue Reading ““Sole Proprietorship vs Incorporation” – Planning your business strategy”

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… Continue Reading “Should you incorporate your small business?”