Incorporation can offer tax deferral, liability protection, and flexibility — but it also adds cost and administration. It is not automatically the right move. Here are the questions we work through with clients first.
Are you leaving profits in the business?
The tax-deferral advantage of a corporation is strongest when you don't need all the profit personally and can leave some to reinvest or invest.
How much do you earn?
Below a certain income level, the extra cost of running a corporation can outweigh the tax benefit. The math is worth doing before you decide.
Do you need liability protection?
A corporation is a separate legal entity, which can shield personal assets — valuable in some industries, less relevant in others.
Are you planning for growth or succession?
Corporations open up planning tools — holding companies, share structures, income splitting where permitted — that can matter down the road.
There is no one-size-fits-all answer. The right call depends on your income, your goals, and your risk. That's exactly the kind of decision we help you think through.
Book a consultation and we'll model the options for your situation.