VIDEO: Benefits of Incorporation for Canadian Small Businesses
This video describes the main benefits of incorporation for the small business owner:
1) Liability protection
2) Saves you money on taxes
3) Eligibility for the Lifetime Capital Gains Exemption upon sale of your shares
4) Flexibility in how you structure, fund and operate your small business
Vancouver corporate lawyer Steve Parr explains these key concepts. If you have any questions, drop them in the comments below!