Services

business canada

Incorporating Your Business in Canada

Incorporating Your Business in Canada

Incorporating Your Business in Canada


When you work for yourself, you have to decide whether to register as a sole proprietorship or incorporate your business. Many factors play into making your decision including your annual income and long-term business plans. By incorporating, you may be able to keep more of your hard-earned income where it belongs: in your pocket. Often, incorporating your business in Canada allows you to defer taxes and decrease the proportion of income you pay in taxes.


As you evaluate whether to incorporate, it's important to think about more than just numbers. Some questions you might want to consider when making the decision include:


  • What amount of personal income do you receive from other sources (i.e., not your business)?

  • What are your lifestyle spending patterns and habits?

  • Do you have a personal commitment to contracting?



As everyone's situation is unique and each province has its own tax laws and rates, nothing can replace sound advice from a reputable Chartered Professional Accountant. However, there are numerous well-known advantages to incorporating your business.


For more information about incorporating in your jurisdiction, check out the links below:



Share this article

Gain access to exclusive insights & events.

Related articles

Vision Talent
Vision Talent
Vision Talent
Vision Talent
Vision Talent

Jarvis Consulting Group launches Vision Talent: A new company dedicated to Talent Advisory

Oct 29, 2024

ai security
ai security
ai security
ai security
ai security

The Dual Nature of AI in Security: Balancing Innovation and Privacy

Sep 12, 2024

ai data
ai data
ai data
ai data
ai data

AI in Data Management: How MirageAI is Revolutionizing the Future of Information

Aug 6, 2024

Let's Innovate. Empower.
Impact. Together.

Gain access to exclusive insights & events.

Subscribe to updates

© 2024 Jarvis Consulting Group. All Rights Reserved.

Let's Innovate. Empower.
Impact. Together.

Gain access to exclusive insights & events.

Subscribe to updates

© 2024 Jarvis Consulting Group. All Rights Reserved.

Let's Innovate. Empower.
Impact. Together.

Gain access to exclusive insights & events.

Subscribe to updates

© 2024 Jarvis Consulting Group. All Rights Reserved.

Let's Innovate. Empower.
Impact. Together.

Gain access to exclusive insights & events.

Subscribe to updates

© 2024 Jarvis Consulting Group. All Rights Reserved.

Let's Innovate. Empower.
Impact. Together.

Gain access to exclusive insights & events.

Subscribe to updates

© 2024 Jarvis Consulting Group. All Rights Reserved.