Starting a Business in Canada
Before starting your business, it’s a great idea to be proactive and plan. This web link has detailed checklists, financing information, business name registration info, choosing a location, what you need to know about employees and much more.
A business plan is critical to every business owner whether they are new or old. Reviewing where you are and where you want to be is important in growing your business. Let’s help you define who you are, state your business goals qualitatively and quantitatively and attain them.
Is incorporation a good option for you? A small business in Canada has a lower corporate tax rate than personal but whether or not you will save tax depends on you. We can walk you through the benefits and disadvantages to incorporation and explain the choice of paying dividends or wages.
Is the business incorporated? Can you sell shares or only assets? There are always negotiations when selling. We can help minimize your tax consequences by multiplying your capital gains exemption.
Effective estate planning eases the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your assets. We can guide you through the complex process of getting your financial affairs in order.
Succession of a business requires time and good communication. Allow us to assist in the process to provide alternatives and simplify potential tax implications. Is an estate freeze in order?