When is it the right time to incorporate?

The answer to this question can vary from individual to individual. However, we can certainly help you make a well informed decision.

There are a few main reasons why you should incorporate your business:

  • Shareholders of corporations have limited liability for business risks.
  • Income splitting opportunities with other shareholders.
  • If you meet certain criteria, when you sell your corporate shares, you may be eligible to trigger the lifetime capital gains exemption.
  • As a corporation is a separate legal entity, it is taxed separate from its owners. Corporate tax rates are lower, in most cases, than personal tax rates.
  • Corporations have more ability to raise money, which may make it easier for your business to grow and develop.
  • Estate planning benefits resulting from the fact that corporations continue to exist in spite of a death or removal of a shareholder or director.
  • Incorporated businesses have a better image and are more likely to attract investors than unincorporated businesses.


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