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Should I Incorporate My Business? | FPCBO 134
Manage episode 481714053 series 3240624
Thinking about incorporating your small business in Canada? Hold on! This video breaks down why staying a sole proprietorship could save you thousands of dollars and even let you deduct your mortgage interest. We'll cover what a sole proprietorship is, its advantages and disadvantages, and reveal two tax planning strategies that are exclusive to sole proprietors. Discover how to deduct business losses and utilize the cashflow-damming strategy to maximize your tax savings. Start smart and learn why sole proprietorship might be the right choice for you.
*FPCBO 131 - Is Your Share Structure Making Your Business Sale Taxable?
Hosted on Acast. See acast.com/privacy for more information.
135 episodes
Manage episode 481714053 series 3240624
Thinking about incorporating your small business in Canada? Hold on! This video breaks down why staying a sole proprietorship could save you thousands of dollars and even let you deduct your mortgage interest. We'll cover what a sole proprietorship is, its advantages and disadvantages, and reveal two tax planning strategies that are exclusive to sole proprietors. Discover how to deduct business losses and utilize the cashflow-damming strategy to maximize your tax savings. Start smart and learn why sole proprietorship might be the right choice for you.
*FPCBO 131 - Is Your Share Structure Making Your Business Sale Taxable?
Hosted on Acast. See acast.com/privacy for more information.
135 episodes
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