Should you Incorporate a Federal or Provincial Corporation?
Incorporation offers liability protection, continuity and tax benefits for people looking to start their own business. Once you have determined that incorporation is right for you, the first step in the process is deciding…
Attention Ontario Realtors: You Can FINALLY Incorporate…and Here’s How!
After a years-long lobbying effort, Ontario Realtors are FINALLY allowed to reap the tax and liability protection benefits of using a Personal Real Estate Corporation (PREC). On October 1, 2020, new regulations under…
Tools to Minimize Taxes in Estate Planning: Why Using a Will is not Always the Best Option
There are many tools that can be used to minimize the MANY taxes that can impact how much your beneficiaries actually get after your death. For example, Joint Tenancy on Real Property is often used as an estate…
5 Reasons Why Your Corporation Needs a Shareholder Agreement
Starting a business can be risky, but when you have a dream, a plan and goals, optimism cuts through the anxiety that risk can bring. That optimism though also blinds people to the risks that may come if…
How to Draw Money from your Corporation while Mitigating your Tax Liability
If you have been following our start-up series, you will have already planned for your moment as well as learned about corporate structure…
Trusts for Seniors
When coming up with an estate plan, we want to give as much as possible to our family and pay as little as possible in tax. This is why if you own real estate or other property and have started thinking about how…
I left my boyfriend, can I get back my contribution to his apartment??
Have you been living with someone in a common-law relationship? Do you ever imagine what would happen if things did not work out between the two of you?…
The Wonders of a Holding Company
The “Holding Company” has become like a legendary creature amongst Toronto entrepreneurs. It is poorly understood, and often used improperly. As our earlier articles have shown, the Shocking Myth believed…
3 Advantages of Incorporation
The incorporation of a business is a big step for many business owners. The process should be fully understood and considered by any responsible business owner before acting and making the decision to…