Our package covers everything from government filing fees to essential business registration services, including:

• Government filing fees & third-party disbursements

• Electronic Minute Book

• Articles & Certificate of Incorporation

• Corporate by-laws, resolutions, and share certificates

• Business number and tax accounts setup with CRA

• Consultation & advice from our expert team

You can incorporate even with $0 in sales for asset protection. However, for tax-saving benefits, it generally makes sense to incorporate when annual revenue reaches at least $50,000, balancing tax savings with maintenance costs.

• Personal Taxes: Paid on individual income regardless of corporate status.

• Corporate Taxes: Applied to net income at around 12.5%. Losses can be claimed for refunds.

• Payroll Taxes: Includes income tax, CPP, and EI, submitted monthly.

• HST Taxes: Sales tax on total sales and purchases. Quick Method may apply for businesses earning under $400,000.

Yes, the CRA requires all businesses to maintain accurate records. Bookkeeping enables tax compliance and prepares your corporation for CRA reviews and audits. Proper bookkeeping is essential for filing corporate tax returns.

Yes. Corporations are taxed at a flat rate of 12.2%, often resulting in lower taxes than a sole proprietorship, which is taxed based on income brackets. Keeping funds within the corporation can help manage personal tax exposure efficiently.

• Dividends: Avoids CPP payments but doesn’t increase RRSP room.

• Salaries: Tax-deductible for the corporation, increases RRSP room, and contributes to CPP. Choose based on retirement goals and immediate tax needs.

A corporation is a separate legal entity, shielding personal assets from business liabilities. For added security, consider a holding company to protect valuable assets like cash and property.

The TOSI rule taxes "split income" at the highest marginal rate (33%) if paid to underage family members or family members who do not work substantially in the business. This impacts dividend payments for income-splitting strategies.

Income sprinkling, or income splitting, is a strategy to reduce tax liability by distributing income to family members in lower tax brackets. TOSI rules may apply to control such distributions.

A holding company owns shares of your primary business to protect valuable assets (e.g., buildings, cash). It adds a layer of security and may enhance tax planning strategies.

A CCPC is a corporation controlled by Canadian residents and incorporated in Canada, qualifying for a lower tax rate of 12.2% on active income. CCPCs enjoy unique tax benefits compared to other corporate structures.

Non-residents can be both directors and shareholders in a Canadian corporation, though some provinces may require at least 25% of directors to be Canadian residents. Ontario and BC allow 100% non-resident directors.

Creditor proofing involves structuring with both an operating and a holding company, so that corporate assets are shielded from financial claims. Dividends flow from the operating to the holding company for maximum security.

A professional corporation (PC) is designed for licensed professionals, such as lawyers, doctors, and accountants, who want the tax advantages of incorporation while maintaining compliance with regulatory bodies.

If your corporation has annual sales over $30,000, GST/HST registration is required. Certain services, like medical and exports, are exempt or zero-rated but still must be reported.

Incorporating grants name protection within your jurisdiction, adding a layer of security to your brand identity. Consider also securing the web domain to ensure exclusive brand use online.