Tag Archives: tax deferral

Save More with a Professional Corporation

Posted on November 27, 2013 by John Moore

Like the TFSA and RRSP, the professional corporation is an important tool for investing and saving. By incorporating your practice or business and investing unused funds within the corporation, you will end up with significantly more money in the future … Continue reading →

Posted in Business Professionals, Health Professionals, Incorporation | Tagged , , , , | 2 Comments

Incorporation Benefit – Tax Deferral

Posted on October 21, 2013 by John Moore

Because a company is taxed at a much lower rate on business income than an individual, there is the potential for a large tax deferral. Consider a professional who earns $300,000, but only needs $200,000 before tax for personal use. … Continue reading →

Posted in Architects, Business Professionals, Businesses, Chiropractors, Dentists, Doctors, Engineers, Health Professionals, Income Tax, Lawyers, Medical Residents, Mortgage Brokers, Optometrists, Realtors, Uncategorized, Veterinarians | Tagged , , , | 1 Comment