Sole Proprietor vs. corporation Calculator

Are you curious about the potential tax savings you could achieve by incorporating your business?

Our Corporation Calculator can help! By comparing the estimated taxes of operating as a Sole Proprietor versus a Corporation, you can learn how much you could potentially save.

Don’t miss out on this opportunity to make the most out of your business’s finances. Book a free consultation with our team to review the results and see how incorporating could benefit you.

Contact us today to schedule your consultation and start saving!

Select your Province, the hourly rate you have been offered as an Incorporated Entity and the annual income you will need to withdraw from the corporation for your personal use.

Hourly Rate:
Annual Salary
This is the amount of money you will take out of the company personally to pay for personal lifestyle expense that are above and beyond the expenses paid for by the corporation.Your goal is to keep this amount as low as possible. If you aim for between $30,000 – $35,000 this will keep your personal taxes in the lowest tax bracket.

The following are calculated using industry average values. Please adjust to suit your specific circumstances to get more accurate results.
Contract Income
Rent/Home Office
Business Promotion
Consulting Fees
Accounting Fees
Computer Supplies
Employee Benefits
Office Supplies
Education and Seminars
Professional Fees
Books and Periodicals
Bank Charges
General Expenses
Repairs and Maintanence

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Got questions? We’ve got answers! Use the link below to book a time to chat with one of our experts.

Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.