![]() |
incorporate in canada
is there a tax savings if you incorporate in canada?
|
As opposed to what? Being a sole proprietor?
|
yes of course, Canada is known to have some of the lowest rates of taxation in the world.
:1orglaugh :1orglaugh :1orglaugh |
Quote:
Media |
Avoid Canada if you have the chance :1orglaugh
|
It depends on your reasons for taking your business to Canada.
You should consult an accountant down here. A new business in Canada gets a major tax break for the first 5 years of operation. |
a small business earning roughly under $250k net, under new regulations and incorporated in say Alberta, will have a tax rate to rival that of say Nevada, in the 15-20% range.
|
just asking cause i notice some sponsors checks are coming from canda, and i am sure of these owners are not operating in canada
|
Quote:
You would be surprised!!! |
If you are doing porn stuff, you don't want to incorperate in canada, b/c the CCRA (our version of the IRS) wants you to charge 7% tax on membership transactions and other complicated things on how to do it with canadian affiliates and such. But if you do incorperate, do it in Alberta, low tax rates and such. Definitely will be under $1000 CDN to get it all done, all papers filed and such, and get proper advice.
ZoiNk |
All times are GMT -7. The time now is 03:42 PM. |
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
©2000-, AI Media Network Inc123