Incorporation and Business Registration Services
- Are you unsure about the need to incorporate your business?
- Should you be registering your business provincially or federally?
- Does your business need to be bigger before incorporating?
Incorporating your business is not always necessary but, there are a number of advantages
- Lower Tax Rate – Perhaps the most significant impact of incorporating your business is that of lowering your tax rate. This occurs because the earnings of your business can be retained within the corporation. Whereas the top tax rate in Ontario is about 46%, the corporate tax rate on the first $400,000 of income in a Canadian-controlled private corporation is about 21%.
- Income Splitting – Incorporating provides the flexibility to involve family members, with the resultant income splitting able to reduce taxable income. Also, since a corporation can exist after death or retirement, the opportunity is available to provide pension and/or survivor benefits.
- Your Own Bank – Another advantage is the ability to borrow money from the corporation for a house or a vehicle. These funds would either be paid out as dividends or reinvested into the corporation.
- Long Term Investment Fund – With the first $500,000 increase in the value of a private corporation being exempt from capital gains at the time of sale, the corporation can also act as a long term investment or pension fund.
- Liability Issues – By incorporating your business you reduce your own personal liability, which protects your personal assets from being seized should a problem arise with the business.
You have your business goals….we have solutions and ideas. Let’s talk.
Call 1 888 575 5385 or email now.
Here is a list of the business incorporation and registration services that AIS Solutions can do for you:
- Corporate/Trade Name/Partnership Searches (Ontario/Out-of Province/Federal NUANS Reports) and Trademark Searches
- Annual Returns Filing
- Notice of Change of Directors/Shareholders/Address
- Registration/Amendment/Dissolution of Trade Name/partnership
- Incorporation of Provincial or Federal Corporations
- Preparation of Corporate Minute Books/Corporate Seals
- Amendment of Corporate or Share Structure/Corporation Name
- Revival/Dissolution of Provincial or Federal Corporations
- Registration/Amendment/Reinstatement of Extra-Provincial Corporations
- Amalgamation of Provincial Corporations