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FREQUENTLY ASKED QUESTIONS

4-A conducts regular presentations on these topics. Please contact us if you’re interested.

  • When Should I Incorporate My Business?
    Incorporating a business should be considered when you need a tax plan (when you are not using all the cash) and to limit your exposure to risk and liabilities.
  • What Are the Costs Related to Incorporation?
    Legal Fees One-time setup costs Annual filing fees Accounting Fees Annual Corporate Tax Return and Financials (not just a personal tax return)
  • Why Is It Important for my Business to be a Separate Entity?
    Having your business separate from your personal financial situation is important for tax, income and liability purposes. Incorporating means your business will have a separate bank account, credit cards and set of records.
  • What are the Benefits of Incorporation?
    Incorporation of your business allows you to: Properly plan to maximize profits and reduce risks Tax savings Possible elimination of CPP contribution Income splitting (dividends versus salary for tax savings)

INCORPORATION

  • When Should I Incorporate My Business?
    Incorporating a business should be considered when you need a tax plan (when you are not using all the cash) and to limit your exposure to risk and liabilities.
  • What Are the Costs Related to Incorporation?
    Legal Fees One-time setup costs Annual filing fees Accounting Fees Annual Corporate Tax Return and Financials (not just a personal tax return)
  • Why Is It Important for my Business to be a Separate Entity?
    Having your business separate from your personal financial situation is important for tax, income and liability purposes. Incorporating means your business will have a separate bank account, credit cards and set of records.
  • What are the Benefits of Incorporation?
    Incorporation of your business allows you to: Properly plan to maximize profits and reduce risks Tax savings Possible elimination of CPP contribution Income splitting (dividends versus salary for tax savings)

FINANCIAL GROWTH

  • When Should I Incorporate My Business?
    Incorporating a business should be considered when you need a tax plan (when you are not using all the cash) and to limit your exposure to risk and liabilities.
  • What Are the Costs Related to Incorporation?
    Legal Fees One-time setup costs Annual filing fees Accounting Fees Annual Corporate Tax Return and Financials (not just a personal tax return)
  • Why Is It Important for my Business to be a Separate Entity?
    Having your business separate from your personal financial situation is important for tax, income and liability purposes. Incorporating means your business will have a separate bank account, credit cards and set of records.
  • What are the Benefits of Incorporation?
    Incorporation of your business allows you to: Properly plan to maximize profits and reduce risks Tax savings Possible elimination of CPP contribution Income splitting (dividends versus salary for tax savings)

CORPORATE BOOKKEEPING

  • When Should I Incorporate My Business?
    Incorporating a business should be considered when you need a tax plan (when you are not using all the cash) and to limit your exposure to risk and liabilities.
  • What Are the Costs Related to Incorporation?
    Legal Fees One-time setup costs Annual filing fees Accounting Fees Annual Corporate Tax Return and Financials (not just a personal tax return)
  • Why Is It Important for my Business to be a Separate Entity?
    Having your business separate from your personal financial situation is important for tax, income and liability purposes. Incorporating means your business will have a separate bank account, credit cards and set of records.
  • What are the Benefits of Incorporation?
    Incorporation of your business allows you to: Properly plan to maximize profits and reduce risks Tax savings Possible elimination of CPP contribution Income splitting (dividends versus salary for tax savings)

TAX PLANNING & SUCCESSION PLANNING

  • When Should I Incorporate My Business?
    Incorporating a business should be considered when you need a tax plan (when you are not using all the cash) and to limit your exposure to risk and liabilities.
  • What Are the Costs Related to Incorporation?
    Legal Fees One-time setup costs Annual filing fees Accounting Fees Annual Corporate Tax Return and Financials (not just a personal tax return)
  • Why Is It Important for my Business to be a Separate Entity?
    Having your business separate from your personal financial situation is important for tax, income and liability purposes. Incorporating means your business will have a separate bank account, credit cards and set of records.
  • What are the Benefits of Incorporation?
    Incorporation of your business allows you to: Properly plan to maximize profits and reduce risks Tax savings Possible elimination of CPP contribution Income splitting (dividends versus salary for tax savings)

FINANCIAL MONITORING & REPORTING

  • When Should I Incorporate My Business?
    Incorporating a business should be considered when you need a tax plan (when you are not using all the cash) and to limit your exposure to risk and liabilities.
  • What Are the Costs Related to Incorporation?
    Legal Fees One-time setup costs Annual filing fees Accounting Fees Annual Corporate Tax Return and Financials (not just a personal tax return)
  • Why Is It Important for my Business to be a Separate Entity?
    Having your business separate from your personal financial situation is important for tax, income and liability purposes. Incorporating means your business will have a separate bank account, credit cards and set of records.
  • What are the Benefits of Incorporation?
    Incorporation of your business allows you to: Properly plan to maximize profits and reduce risks Tax savings Possible elimination of CPP contribution Income splitting (dividends versus salary for tax savings)

PERSONAL TAXES

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