Incorporation Advisory – Mississauga

Incorporation Advisory Services in Mississauga

Thinking about incorporating your Mississauga business? BOMCAS Canada's incorporation advisors help you determine whether incorporating makes financial sense, choose the right corporate structure, and complete the Ontario registration process.

Book Free Consultation 780-667-5250

Should You Incorporate Your Mississauga Business?

Incorporation can provide significant tax advantages for profitable Mississauga businesses — including access to the small business deduction (12.2% tax rate on active business income up to $500,000), income splitting, tax deferral, and liability protection. However, it also adds compliance costs. Our Mississauga incorporation advisors help you make the right decision for your specific situation.

Key Advantages of Incorporating in Mississauga

Small Business Tax Rate

Ontario corporate tax rate of 12.2% (vs. personal rates up to 53.53%) on active income up to $500,000.

Tax Deferral

Keep after-tax corporate profits in the corporation and defer personal tax until you withdraw funds.

Income Splitting

Potential to split income with family shareholders through dividends (subject to TOSI rules).

Limited Liability Protection

Personal assets are generally protected from business creditors and legal claims against the corporation.

Lifetime Capital Gains Exemption

Potential access to the $1.25M LCGE on sale of qualifying small business shares (QSBC shares).

Holding Company Structures

Set up an operating/holding company structure to protect accumulated wealth and minimize taxes.

When Does It Make Sense to Incorporate?

Incorporation typically makes financial sense when your Mississauga business generates more income than you need for personal living expenses — so surplus profits can be retained in the corporation at a lower tax rate. As a general rule, if your business consistently earns $60,000+ per year after paying yourself a reasonable salary, incorporation is worth considering.

Ready to Work With Mississauga's Trusted Accounting Firm?

Get expert tax, accounting, bookkeeping and payroll services from BOMCAS Canada. Serving Mississauga, GTA and all of Ontario.

Get a Free Consultation 780-667-5250