The biggest benefit to incorporating is income tax savings
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How to incorporate or register your business on CanLaw
Product description:Advantages of incorporating include Personal asset protection, Deductible expenses, Credibility and Name protection, Perpetual existence, Tax flexibility
Incorporate or Register Your Business
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YOU KNOW YOU MUSTEITHER
INCORPORATE or REGISTER
YOUR BUSINESS IN CANADA
How To Incorporate Your Business
The Basic Steps
Select Corporate Jurisdiction: Generally this will be your home province.
Create a name for your company.
See if your company name is available using NUANS. NUANS keeps a database of all registered company names. You order a search to see if your proposed name is taken. If not, you may register the name for your company.
Prepare the Articles of Incorporation
Submit & Register Articles of Incorporation
Obtain permits & licenses e.g. Sales taxes and vendors permits: Note that if your sales will be under $30,000 you do not need to register for, collect or pay GST or HST on your sales.
Optional: Purchase Corporate Seal & Minute Book: For a small business these items look pretty on your bookshelf, but really do nothing.
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