Incorporation Basics Part 2 – Income Splitting and Proposed Tax Changes

  In Part 1 of our Incorporation series, we introduced the corporation basic definitions and explained its lower effective tax rate. Many readers would notice that a single person needs to make a significant income more than their yearly living costs to benefit from the lower effective corporate tax rate/ tax deferral advantage. Nothing in personal finance beats the advantage of living within your means and a high savings rate. I have discussed saving techniques in earlier blog posts. Another

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Incorporation Basics – What is a Corporation and Incorporation Advantages Part 1 – Lower Effective Tax Rate

  Many professionals are busy wondering how recent proposed federal government changes by Bill Morneau will affect the value of incorporation.  For those with corporate structures, many will have already read opinion pieces that give an idea of what will likely change if proposed measures are finalized in October 2018. I found the following article to be a fairly good overview, but many articles presume a basic understanding of corporations and their benefits. I read the very detailed 63 page

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