ForumCategory: TaxSelf employed vs corporation
Anonymous asked 4 years ago

Hello!
I am self employed working as owner operator. Recently somebody told me that its better to have corporation. Is it better to be incorporated from a tax point of view?
Thanks
Michael

1 Answers
Best Answer
Elena Furier Staff answered 4 years ago

Hi Michael,
Depending on your situation, it may be more beneficial to incorporate your business. Overall, corporate tax rates are much lower than personal tax rates. There are advantages and disadvantages in having a corporation, we could discuss your specific situation and figure out which of the business structures will be a better fit for you.
Contact me for a free consultation at 416-797-1481