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I registered a Sole-Proprietorship, and discovered that at the year end you will file your tax use the same rule as a employee of the company, the only diference is that you can deduct some spends, quite ristricted.
Partnership is similar to Sole-Proprietorship but for more than one people. Both of them should receive the T4 return form for tax reporting purpose. You need a GST number if your revenue > 30000C$.
And Incorporation is totally different, you are a legal entity and running under the rules applied for any general conpanys like 3M, War-Mart, and report tax follow the company tax rate. You may need GST, Payroll and Income Tax account number.
More flexible if you have a really know-how accountant help you.
If you earn less than 40,000 C$ per year, I personally don't think you need to register an incorporation. (in chinese idiom, Ma Que Sui Xiao, Wu Zang Ju Quan), a Sole-Proprietorship should be enough. If more than that, because personal income tax rate is much higher than the Corporation income tax rate, you may worth to do so. But please taking into consideration the extra fee for maintaining a incorporation, for example,
Register a Sold 60 $, an Incorporation 300$ around.
And if you want to ask an accountant to do the company tax, payroll etc. for you, it will also cost you extra money.更多精彩文章及讨论，请光临枫下论坛 rolia.net
I registered a Sole-Proprietorship, and discovered that at the year end you will file your tax use the same rule as a employee of the company, the only diference is that you can deduct some spends, quite ristricted.
Partnership is similar to Sole-Proprietorship but for more than one people. Both of them should receive the T4 return form for tax reporting purpose. You need a GST number if your revenue > 30000C$.
And Incorporation is totally different, you are a legal entity and running under the rules applied for any general conpanys like 3M, War-Mart, and report tax follow the company tax rate. You may need GST, Payroll and Income Tax account number.
More flexible if you have a really know-how accountant help you.
If you earn less than 40,000 C$ per year, I personally don't think you need to register an incorporation. (in chinese idiom, Ma Que Sui Xiao, Wu Zang Ju Quan), a Sole-Proprietorship should be enough. If more than that, because personal income tax rate is much higher than the Corporation income tax rate, you may worth to do so. But please taking into consideration the extra fee for maintaining a incorporation, for example,
Register a Sold 60 $, an Incorporation 300$ around.
And if you want to ask an accountant to do the company tax, payroll etc. for you, it will also cost you extra money.更多精彩文章及讨论，请光临枫下论坛 rolia.net