Incorporating Your Business in Canada
Incorporating your business has many financial advantages.
What are the advantages of incorporating?
- Your business can exist irrespective of life span
- Split income amongst family, spouses and shareholders
- Protect your personal assets with limited liability
- Corporate tax rate is lower than a personal tax rate
- Need cash flow? Borrow money from the equity in the company
Is incorporating right for your business in Canada?
If you were climbing Mt.Everest you’d hire a guide.
Lower effective taxes.
Opting out of pension plans.
Don’t risk personal assets.
Envolta understands incorporating.
The risks and rewards are different for each kind of business. We get you the most accurate numbers so you can make the right choice for your industry. You’ve got 101 questions, we’ve got 101 answers. Book a call with Envolta today and demystify incorporation.
Becoming an incorporation in Canada
This is a decision that is on the minds of most newly formed businesses. What this does when, and if, a company incorporates is it brings the business to life as a single entity. This means it creates a separation between the owner and the business on a financial standpoint. In addition, there are both benefits and misfortunes that come with this decision. Stipulating this, it brings up a series of questions that help weight the benefits against the pitfalls of incorporating a business.