Should You Incorporate? The Pros, Cons and Tax Reality

Should You Incorporate? The Pros, Cons and Tax RealityOne 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 proprietorshipLimited liability and when it mattersCredibility, professionalism and access to capitalHow corporate tax deferral actually works — with a real numbers exampleThe lifetime capital gains exemptionThe cons: administration, costs, complexity and lossesResources:More resources for incorporated Canadians: montrealfinancial.ca/corporationsSubscribe to my newsletter: montrealfinancial.ca/newsletter