Sole Proprietor vs. corporation
Our Corporation calculator lets you work out the potential tax savings you could achieve by Incorporating.
This Calculator will compare the estimated taxes that if you operated as a Sole Proprietor versus the estimated taxes if you operated as a Corporation. Use this calculator to learn the estimated tax savings of choosing one form of organization over the other.
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.
|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.
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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.