Milo's Works Best Ontario Forms Package Federal Incorporation Information

Instructions and help about Milo's Works Best Ontario Forms Package Federal Incorporation Information

there are two main reasons why most canadian  business owners incorporate their business   in canada limited liability and tax advantages  so as a shareholder you have limited liability   which means you and the other shareholders  are not responsible for the cooperation debts   and obligations basically what happens here is  that you separate yourself from the cooperation   because corporations in canada are considered  legal separate entities now reason number two   is the corporate tax rates are much lower than the  individual tax rates in canada also you have the   option to pay yourself in a salary or dividends  to save taxes so in canada you have the option   to cooperate federally or provincially so in both  situations you're able to operate your business   in all provinces all over canada and you can also  sell products or offer services to your customers   anywhere in the world but the main advantage of  incorporating federally is that it's going to