Incorporating can lower your tax bill, protect your personal assets and make your business easier to grow — but it also brings new filing obligations. We make this process simple for you by walking you through it and providing guidance on the requirements you must be aware of to move forward.
How we help you incorporate
- Analysis of whether incorporation makes financial sense for you right now
- Choosing between Ontario (provincial) and federal incorporation
- Share structure, shareholders and director considerations
- Business Number, payroll and GST/HST account registrations with the CRA
- Setting up your bookkeeping system and chart of accounts
- Choosing a fiscal year-end and planning your first T2
- Moving from sole proprietorship to corporation smoothly
Is incorporation right for you?
Incorporation often makes sense when your business earns more than you need to live on, when you want to limit personal liability, or when you plan to bring in partners or investors. It may not be worth it yet if profits are modest or you need all the income personally. We look at your numbers and give you an honest recommendation.
How it works
- Consultation. We review your income, goals and risks.
- Recommendation. You get a clear comparison of staying unincorporated versus incorporating.
- Set-up. We guide you through registration and the required tax accounts.
- First-year support. We set up your books and keep you on track for year one.
FAQs
Is incorporation expensive?
Beyond government filing fees, the main ongoing cost is annual compliance: corporate financial statements, a T2 return and annual government filings. We help you weigh these costs against the potential tax savings.