At M. Yasin & Co we familiarize you with the different types of corporation from a tax point of view and potential corporate tax issues. All Canadian corporations are not created equal when it comes to taxation.
We have the expertise to address your corporate tax needs.
When you choose to structure your small business as a corporation in Canada, it's worth seeing if you can set it up as a Canadian-controlled private corporation because of the corporate tax advantage the Canadian-controlled private corporation enjoys. The biggest corporate tax advantage of being a Canadian –controlled private corporation is being eligible for the small business deduction. When tax times rolls around, the Canadian-controlled private corporation has definite advantages that you want to take advantage of.
Types of Corporations in Canada:
- Canadian Controlled Private Corporations
- Other Private Corporation
- Public Corporation
- Corporation controlled by a public corporation