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-   -   incorporate in canada (https://gfy.com/showthread.php?t=164633)

bigdog 08-16-2003 06:42 AM

incorporate in canada
 
is there a tax savings if you incorporate in canada?

BRISK 08-16-2003 06:45 AM

As opposed to what? Being a sole proprietor?

Mutt 08-16-2003 06:46 AM

yes of course, Canada is known to have some of the lowest rates of taxation in the world.

























































:1orglaugh :1orglaugh :1orglaugh

media 08-16-2003 06:47 AM

Quote:

Originally posted by Mutt
yes of course, Canada is known to have some of the lowest rates of taxation in the world.

Haha.. Good one.. I though you were high for a second...

Media

Olivier 08-16-2003 07:04 AM

Avoid Canada if you have the chance :1orglaugh

JohnnyUtah 08-16-2003 07:12 AM

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.

besterman 08-16-2003 07:47 AM

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.

bigdog 08-16-2003 05:20 PM

just asking cause i notice some sponsors checks are coming from canda, and i am sure of these owners are not operating in canada

directfiesta 08-16-2003 05:28 PM

Quote:

Originally posted by bigdog
just asking cause i notice some sponsors checks are coming from canda, and i am sure of these owners are not operating in canada
Why not???

You would be surprised!!!

ZoiNk 08-16-2003 05:40 PM

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


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