Incorporating in Canada: what you need to know about CRA tax accounts.

In an effort to increase corporate transparency, the Ontario Business Corporations Act (“OBCA”) now requires Ontario private corporations to maintain a register of “individuals with significant control” (excluding private corporations that are wholly-owned subsidiaries of a public company). A similar requirement exists under the Canada Business Corporations Act for federal corporations.  Who has “significant control”?  […]

As you get ready to incorporate your company, there are some important questions that you should address. First, if you will be operating your business in Ontario, you can either incorporate an Ontario corporation or you can register a federal corporation and obtain an Ontario extra-provincial registration. Click here to read about the difference between […]

Chartered Professional Accountants in Ontario who wish to practice their profession through a corporation may only do so through a Professional Corporation.    A CPA Professional Corporation is simply a corporation that is subject to the conditions set out in the Ontario Business Corporations Act (the “OBCA”) and the rules and regulations mandated by the […]

Social Workers and Social Service Workers in Ontario that wish to practice their profession through a corporation may only do so through an Ontario professional corporation.  A Social Work Professional Corporation or Social Service Work Professional Corporation is simply a corporation that is subject to the conditions set out in the Ontario Business Corporations Act […]

There are several different types of business structures that exist, which you should keep in mind when setting up your business. You have several options: you may operate as a sole proprietorship, a partnership (a general partnership, limited liability partnership, or limited partnership), or a corporation. In this article, we will give you a brief […]

There are a number of reasons to operate your business through a corporation (check out our blog about reasons to incorporate here), but the tax benefits that are available to corporations is one of the most important. Accordingly, if you are trying to decide whether or not you should retain an accountant for your corporation/business, […]

If you’re making more than you need to live on, Real Estate Agents can save taxes if they incorporate. Bottom Line.

Incorporating in Canada: what you need to know about CRA tax accounts.

What is Professional Corporation? A complete guide to incorporating a regulated health or other professional practice.