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Originally Posted by Alex from Montreal
How is that? You get taxed twice when you incorporate: one as a corporation and the other for your personal income....
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Corporate taxes up to the first 250k (raised from 200k from last year) are taxed at a the small business deduction rate which is much lower than personal taxes. So while you are taxed from the corporation and personal, you can shelter whatever you don't spend in the corporation at a much lower bracket.
WG