Welcome To Your Professional Corporations Guide

 At GBA LLP, we understand that deciding whether to incorporate your practice can feel overwhelming, with many tax, legal, and administrative decisions to consider along the way. That’s why we created this eBook, to provide clear guidance on the key aspects of operating through a Professional Corporation, from deciding whether incorporating makes sense to setting it up properly and staying compliant. With the right support, you can approach incorporation with confidence, make informed decisions, and create a structure that aligns with your long-term goals. 

What you will learn:

• What a Professional Corporation is and whether you need one
• Tax benefits, tax deferral, and salary versus dividends
• Key decisions when setting up your corporation
• Ongoing compliance, from GST/HST and payroll, to CRA audits
• Income splitting, family trusts, and the TOSI rules