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Should you incorporate your small business?

This is a difficult decision that many small business owners face at the start of their business or when they experience early growth.“When is the right time to incorporate and what does this mean? And if not, how should I structure my business?”Well, first you need to know the different structures a business can take shape and the right structure will depend on many different factors that are specific to your situation.

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Possible Pitfalls Arising Due to Foreign Fund Transfers into Canada

When not properly reported, the CRA views money coming into Canada from any other country as income. You may have moved to Canada from your home country recently or you may not have ever visited your country of origin.