If you carry on a business, there are many tax planning opportunities which become available to you by simply incorporating. By transferring your business to a corporation, you become the shareholder and employee of a separate taxable entity. If the corporation qualifies as a Small Business Corporation (SBC), other possibilities arise.
This bulletin discusses some of the benefits of incorporation and the additional advantages that could apply if your company qualifies as an SBC. Whether you're thinking about incorporating or have already done so, you should consider making full use of these tax planning opportunities.
