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Are you a sole proprietor? Consider becoming a ‘Limited’ Corporation, Click here for more information.
The Benefits of Incorporating
- To lessen the corporate tax payable on profits
- To income split with a spouse (and kids)
- To set up a better health benefit package that becomes 100% deductible
- To better deduct more expenses inside the corporation - that aren't always allowed as a sole proprietor.
- To pay yourself through your company
To find out how to form a ‘Limited’ Corporation in Alberta, please visit: http://www.servicealberta.gov.ab.ca/712.cfm