Items to consider before incorporation.
As a corporation, you can be separate from the business and therefore, determine how much income you wish to take from the corporation. You must declare all income that is taken from the entity for yourself personally, to record on a personal tax return. This is done by way of a T4/T5 filing requirement in February each year.
5 things to consider when hiring an accountant
When choosing an accountant, they should be a good fit for your business. Here is a few things to consider when having an initial meeting with an accountant.