Thinking of incorporating? 😄 A corporation is its own legal person — separate from you! ✅ Pro: CCPCs pay just 9% federal tax on the first $500,000 of active business income (vs. 15% general rate), plus limited liability. ⚠️ Con: More cost & paperwork — a separate T2 return and records, and you can't use business losses on your personal return. 📌 General info only — every situation is different.
Incorporating in Canada: The Tax Pros and Cons
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📌 General info only — every situation is different. JCO Bookkeeping Firm is a Philippine practice since 2021, introducing its brand ahead of a future Canadian opening — Coming Soon to Canada. Not yet accepting Canadian clients.