SMALL BUSINESS BC BEST INCORPORATING SERVICE

Описание: If you are a small business in BC you will benefit from these free CORPORATE WEALTH ACCUMULATING REPORTS.

Go to http://corptaxpro.ca for the reports including " Seven Huge Advantages of Using a Corporation to Accumulate Wealth" and " Why You May be Keeping CRA Laughing."

Considering incorporating your small business in BC? If your company is earning over $50,000 per year and you are seeking for the correct answers about if incorporating your new or existing business in Canada is right for you and your family then you are at the right place.

Unfortunately, a lot of people assume their business is too small or they are presuming it is too much of a change and there may be a downside. As a result, substantial amounts of money are being lost every year to taxes and for other factors.

Benefits of Incorporating a Small Business in BC
When you launch your new corporation in British Columbia, or any other province the benefits begin with an immediate tax holiday which is the probability of deferring taxes for up to two years after creating a new corporation. On top of that, the final amount of combined business and personal income tax paid will be much less than your present amounts. What an incredible increase to cash flow! Personal tax reduction is due to dividend tax credits which are used to lower the tax liability from personal income taken from a corporation. When this is combined with income splitting with family members you have what we call a corporate rocket, which is to say, a money accumulating situation.

More Benefits of Creating a Corporation

There are extensive tax savings and tax postponements year after year. Corporations frequently reduce and postpone tens of thousands of dollars of tax per year.

The owners (shareholders and directors) are not personally accountable for corporate
income tax unless they plan to strip off resources from the company to dodge corporate tax. Other exceptions include non-compliance penalties for not filing tax returns.

The corporation is automatically considered to be a business for profit. Issues such as whether or not an undertaking could be deemed by Canada Revenue Agency as a personal non-business activity, do not exist.

Any type of business activity (consulting, services, ventures for profit) can be transferred to a corporation for tax favoured treatment and asset protection.

Liability for corporate acts and debt are ordinarily limited to the corporation. Personally exposed liabilities can be transferred to corporations except those interrelated to professional activities. Please note that some legislation requires the individual liability of directors for situations such as safety matters, unlawful acts, environmental regulations and fiduciary responsibility to the corporation.

There is a much higher degree of privacy and non-disclosure for private corporations' activities than for personal affairs. Institutions must treat corporate and personal assets as separate holdings.

There is greater overall flexibility for items such as protection of assets, transferring or sales of assets to or from a corporation, estate planning, asset continuity and remuneration to family members.

The fact that a business is a corporation regularly results in an increase in business. A corporation is often perceived as an established, durable business in comparison to an unincorporated business.

A corporation has a perpetual life. It continues on after the death of the individual.

A few moments speaking to one of our veteran tax professionals about if incorporating your small business in BC and Canada is appropriate for you may transform your life.

Inquire about the incredible benefits of a tax holiday for new corporations and how income splitting works.

Learn how to incorporate the right way! Go to http://corptaxpro.ca and get your free corporate wealth accumulating reports.

Small Business BC
BC Small Business