Tax Memo - Professional Corporations – An Attractive Option

Recent and planned corporate income tax rate reductions have created opportunities for eligible professionals to consider incorporating their practices. The low corporate tax rate, remuneration flexibility and access to the $750,000 capital gains exemption make incorporation especially attractive. All provinces allow certain professionals to incorporate, extending to these professionals many of the non-tax and tax advantages of incorporation enjoyed by other incorporated self-employed individuals.

This Tax Memo summarizes key issues professionals face when considering incorporation.

Tax Memo — Professional Corporations – An Attractive Option (91 KB) Download the full PDF.