There are a number of advantages to incorporate a consulting business, rather than operating as a sole proprietor.
4 Benefits of Incorporating
1. Increased opportunities for income splitting with family members.
2. Opportunity to save and defer tax.
3. Opportunity to shelter capital gain on the sales of shares of the corporation.
4. Limited Liability.
On a weekly basis, I'm meeting with consultants looking at the advantages of beeing incorporated - I can tell you that a lot of them save substantial taxes by using a corporation - Please do not hesitate to contact me should you wish to discuss further.
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