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What Does a CPA Check Before You Incorporate a Business in Canada?

What Does a CPA Check Before You Incorporate a Business in Canada?

A pre-incorporation review answers five questions in order: whether incorporating helps you at all, which jurisdiction, how the shares should be set up, who the directors will be, and which CRA accounts you need. Covers Ontario versus federal, the ISC register, personal services business risk, and the compliance deadlines that follow.

When Does Incorporating Actually Save Tax in Canada?

When Does Incorporating Actually Save Tax in Canada?

Most of what incorporation gives you is deferral, not saving. You pay the low corporate rate now and personal tax later when the money comes out. Covers the Ontario small business rate, the passive income grind, TOSI, salary versus dividends, and the capital gains exemption on a sale.

How to Open a Canadian Business Bank Account as a Non-Resident

How to Open a Canadian Business Bank Account as a Non-Resident

The corporation holds the account, not you. Incorporation takes a day; bank onboarding is where non-residents lose weeks. Covers beneficial ownership at 25%, the ISC register, Schedule I and II banks, FINTRAC identification, CRA program accounts and Part XIII withholding for foreign owners.