Should You Incorporate? The Pros, Cons and Tax Reality

One of the most common questions I get as a CPA and financial consultant is whether to incorporate. In this episode I walk through the key considerations so you can make an informed decision.

In this episode:

• What a corporation is and how it differs from a sole proprietorship
• Limited liability and when it matters
• Credibility, professionalism and access to capital
• How corporate tax deferral actually works — with a real numbers example
• The lifetime capital gains exemption
• The cons: administration, costs, complexity and losses

Resources:

• More resources for incorporated Canadians:  ...