business incorporation services mississauga

Business Incorporation Services Mississauga

GTA Accounting will help you setup your company the right way with our Business Incorporation Services.

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GTA Accounting is a highly rated CPA Firm in Mississauga

With over 200 5-star reviews on Google, GTA Accounting has also won awards on Clutch 2 years in a row, featured in the Toronto Star and is one of the Best Companies for 2022 on "ThreeBest Rated".

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incorporation services mississauga

Incorporation Services in Mississauga

Incorporation is the type of business ownership in which a legal entity is created separate from its owners (Shareholders). This is different from typical businesses like sole proprietorships and partnerships. Issuance of shares is necessary when creating a corporation. It could be private or public. The technicalities involved In the process of incorporation are not something that everyone can do. That's why you need to hire someone who knows the process of Business incorporation services in Mississauga. The laws and regulations of your jurisdiction for the incorporation are not so easy, and it's not everyone's cup of tea. There is a particular pathway that you have to follow to incorporate your business.

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incorporate your business easily in Mississauga

Here at GTA Accounting in Mississauga, we make the process super easy for you by guiding you through every step involved in the incorporation process and the mandatory things you should know to streamline the process. You'd have a lot of advantages if you incorporate your business. It is very typical for people to start a business as a sole proprietorship. However, over time, your business will grow, you might have to face problems. When your company encounters some legal conflicts or liabilities, such as those owed to creditors, you'd be exposed to all the debts that your business has accumulated over time. Therefore, incorporating your business would be an excellent option to protect your family's assets from such liabilities.

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incorporation in mississauga
benefits of business incorporation mississauga

Benefits of Incorporating Your Business in Mississauga

You know that the corporations have a different tax and reporting structure than those you'd be submitting if you were a sole proprietor. However, there are many advantages as well. Some of them are:

Limited Liability

One of the most significant advantages is that it will protect your personal assets. When running the business as a sole proprietor, you will be responsible for any liability that your business accrues. On the other hand, when you incorporate your business, your assets would be protected from any legal problems that you might face, so the personal loss is minimized.

Small Business Deduction May Apply

When you are operating a Canadian-Controlled Private corporation (CCPC), you might be eligible for the federal business deduction on the business income earned in Canada. Currently, this small business deduction is granted to the business owner when they make their first $500,000 of taxable income and may allow you to pay a lower net business tax rate than you do on your personal income.

Incorporating Can Help With Succession Planning.

The net assets go to the heirs when a sole proprietorship dies; however, some vital contracts and leases may not. On the other hand, incorporation of all the contracts and agreements will continue to exist even if the company owner dies or the ownership of the company changes. Having the ability to transfer corporation shares provides an advantage when it comes to succession planning. You may sell it all together, give it as a present, or buy it for your family. The corporation and all of its contracts and leases should stay in place regardless of choice, and only the owner of the shares would be affected.

Corporate And Personal Taxes Are Separated

Once you incorporate your business, then your taxes for your personal income would be separated from your business income. Your accountant dealing with the company incorporate tax would calculate the corporation tax rate, and doing some calculations would let you know if Incorporating would be helpful or not.

Why Choose GTA Accounting for Business Incorporation in Mississauga?

We have the expertise to handle Business Incorporation services in Mississauga. Our CPA is skilled in providing you with the best Business incorporation service. Not only that, but we will also provide additional services if you partner with us. For example:

  • Work with a well-experienced CPA
  • We will ensure that you are ready for the CRA requirements like having the business number, payroll, WSIB, HST, etc.
  • All the guidance regarding the bookkeeping and year-end tax filing can be provided
  • Our team of professional Accountants and CPA are available for any questions you may have.
  • We will simplify the incorporation process so that it is easy for you to start and grow your business.
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business incorporation gta accounting mississauga

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Nathan Kazmierski cpa toronto

Nathan Kazmierski, CPA

Tax & Assurance Partner

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Sukhdeep Thind, CPA, GTA Acclunting

Sukhdeep Thind, CPA,

Auditing, External CFO

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Sohail Afzal, CPA,

Tax Accounting Partner

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Our Locations

Suite #504 - 260 Spadina Ave.,
Toronto, ON M5T 2E4
Unit 501 – 250 Consumers Rd,
North York M2J 4V6
Unit 101, 1056 Wilson Ave,
North York, ON M3K 1G6
5770 Hurontario St Unit 102,
Mississauga, ON L5R 3G5