Accounting for Professionals
On November 1st 2001, the provincial government enabled regulated professionals to incorporate their practices.
As a Professional Corporation ourselves, we understand the processes involved in the incorporation of your practice. We understand the tax laws and the business challenges that professionals face. Our experience makes us qualified to help you understand the pros and cons of incorporation. We will work with you to ensure that your professional practice not only survives but thrives.
Benefits to Incorporation:
- Increased income splitting opportunities
- Preferred small business corporate tax rates
- Tax exempt capital gains upon the sale of your business