Should I Incorporate? | Doing Business in Canada
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- čas přidán 25. 07. 2024
- Are you a six-figure Consultant, Coach, or Content Creator in Canada looking to save taxes, increase profits, and build wealth? ⚖️ Balance and Wealth CPA is a tax-specialized accounting firm providing customized tax advice. Get in touch: www.balanceandwealth.com/
As someone who has been dreaming to be an entrepreneur, one of the first steps in setting up a business is to choose your business structure. You may have heard of a sole proprietorship, a partnership, and a corporation. But what exactly is the difference between the three?
00:00 Intro
00:45 Sole Proprietorship
02:20 Partnerships
04:05 Corporation
06:42 Need helping deciding which Business Entity is right for you?
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WHO AM I:
Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, working with Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for specific advice related to your business situation and needs.
*This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
If you are a business owner in Canada, join my FREE Master Class on 3 Steps to Recession Proof Your Business: www.gabrielletalksmoney.com/resources
Gabrielle. im an affiliate marketer and made some money about 30 k plus two 9-5 type jobs. how would i go about with taxes for online business
Thank you for sharing the videos on your channel. I would appreciate your assistance with a query I have. I have been approached by a US-based company to work for them as a contractor while residing in Canada. Could you kindly advise me on the necessary steps to initiate my first contract job? Additionally, I am interested in understanding how I can mitigate any potential liabilities while operating this business.
Excellent info and thanks for the positive presentation!
Thanks for explaining the difference, it really helps. In my case I had to be incorporated as my contract demanded to be incorporated . Having your own firm definitely has a learning curve to it and you need to take care of so many things but I don't mind it and I am enjoying it
All good 👍!
Good advice
Thank you my pretty
Thank you Gabrielle, I'm moving to canada on a work permit next month I already started my Market research. I was really confused about where to start your channel It is a great help for me. Keep up the good work. I got a small request can you do a video on where to do market research websites Many suggest good books on the Canadian stock market.
Thank you 😊
Helpful
hi sis, great. sis, please specify what does inc mean IN Canada or USA ? is it listed on NYSE
Hi please notice my question.
How to start a ecom business here in canada?
the Distributors from U.S requiring LLC, tax form and resellers permit.
how can i get those here in canada especially the resellers permit?
Hi Gabrielle, Great content I am a Canadian with T4 income based in Ontario I am thinking of starting a Business brokerage corporation in UAE, Dubai that will operate and earn income out of Canada 100%. How Much tax am I expected to pay in terms of % ? any suggestion to reduce my taxes ? Or Should I setup a business to separate my personal VS consultant income and get paid Dividends? Thank you
Hey I had a question , if I work for a courier company - I’m a independent contractor - I would like to set up a corporation can I buy a car from dealership electronic and write it off ? What kind write off can I do ? Keep in mind I only earn about 50k a year how will that work ?
I m also doing cpa wish me all the best ♥️
Thanks for giving me your heart
Soon i will marry with cpa
누님 너무 이쁘심 💚
Raising eyebrows induce wrinkle on forehead and elsewhere.
I don’t think she cares about what you think of her ma’am
Thanks a lot
How can I contact you
I am from bc
Hello Gabrielle, I signed up for the program waitlist, however, I haven't got a confirmation page or email after clicking "submit". I hope my interest has been captured and am looking forward to the course. | I also sent a request to you through your website's "contact" page.
Thanks Felizia! We did get your submission. We will be reaching out to the waitlist once the program is ready. It will be a limited group and we will be reviewing the business profiles that will benefit most from the program!