Some clients choose to incorporate their businesses. One of the primary reasons people incorporate is limited lability. Under Ontario law, the personal assets of a shareholder of a corporation are insulated from the corporation’s creditors. Incorporating your business can also offer tax advantages including lower rates and the ability to split income with a spouse or family members. Before deciding to incorporate, you should always consult your tax professional. Our firm has been incorporating companies for small businesses since 1994.
Ontario Business Corporations Act
Ontario Limited Companies