non resident taxes oakville

Business Incorporation Services in Oakville

GTA Accounting helps you setup up your company the best possible way with their Business Incorporation Services in Oakville

Request a Consultation
quickbooks accounting software
certified professional accountants ontario
google reviews logo
featured in 3 best rated
featured in the toronto star
reviewed on clutch
well reviewed on yelp

GTA Accounting is a highly rated CPA Firm in Toronto

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".

Contact Us
gta accounting featured in the toronto star

What GTA Accounting Offers Its Clients in Oakville

GTA Accounting is one of the topmost accounting firms in Oakville and beyond. When you work with us, you get to take full advantage of our more than a decade’s experience in business incorporation services in Oakville and more.

We have worked with startups, small businesses, and large companies in various industries and know exactly what you need.

Our expert CPA will take you through the entire process. You can ask any question that you want, and we will provide you with a satisfactory answer. Also, we are not a one-and-done kind of company. We are with you through it all and beyond. We assist you with your payroll management, financial statements, bookkeeping, corporate taxes, and more, apart from our business incorporation services in Oakville.

We make sure that you have all the required documentation at all times and submit them in a timely manner.

We offer you peace of mind and the chance to focus on your business while we focus on your taxes and accounting needs.

Contact Us
hire an accounting firm in oakville for non resident taxes
information regarding non resident taxes

Advantages of Incorporating Your Business

Limited Liability

Ask any business owner, and they will tell you that there are risks in doing business. You might incur losses, or you might build up your debt and cannot pay it back. If you have a sole proprietorship, it means that your personal assets can be used to pay the business’s debts. This could even include your house. But when you work with GTA Accounting, we help incorporate your business in Oakville. Your liability is limited to the company’s assets and not your own. We have an expert CPA who will help you and guide you throughout the process. He will assist you in determining which type of corporation you should opt for. Our exceptional accounting team will make sure that all your documentation is complete and submitted on time.

Tax Savings And Deferrals

When you turn your business into a corporation, you can take advantage of lower corporate tax rates in Canada. Personal tax rates in Canada are higher. This way, you can save a lot of tax or even defer tax when you declare your business as a corporation. Also, you are more flexible in earning your income through a corporation, which means you have to pay fewer taxes. For example, if you have a sole proprietorship and earn $180,000 a year, you will have to pay personal tax on the total amount. But if you are a corporate business, you will have to pay a fraction of the taxes and save your money. When you work with our accounting firm, we tell you all of this, and more so you can save your money, time, and effort.

Income Splitting

Currently, there are fewer benefits for income splitting than there were before. Before 2018, most of the businesses were incorporating because of this reason. They could distribute their income with a lower-income spouse, and they were then taxed at a lower rate. This all changed in January 2018. The new regulations make it hard to do this, but it can still be done to some extent. Now, if you are nominating your spouse for distribution, they have to put in at least 20 hours a week in the business to become eligible.

Contact our expert consultants today to find out more about business incorporation services in Oakville and how you can take advantage of them.

Lifetime Capital Gains Exemption (LCGE)

Let’s say that you built a business from scratch. Now, the company has grown so much that the yearly revenue is around $850,000. You have spent enough time in the business world and now want to retire by selling your business. You go out in the market and find a buyer willing to pay you $865,000 for the shares. If you had a sole proprietorship, this money would be taxable, and you would have to pay approximately $180,000 in taxes. But if you were a CCPC business, you could qualify for the LCGE, and the entire amount would be exempt from tax.

But incorporating a business and qualifying for the LCGE are highly complex tasks with a lot of requirements. That is why you should contact GTA Accounting experts TODAY to start the process of incorporation for your business.

Why Choose GTA Accounting for Business Incorporation in Oakville?

GTA Accounting in Oakville has helped a wide variety of companies in a wide range of industries incorporate their businesses. Rather than filling out some forms, we discuss your business goals and vision in order to determine the best type of incorporation to use.

  • 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.
Contact Us
rental property in oakville

Google Reviews

Client Success Stories

Meet Our CPA

Nathan Kazmierski cpa toronto

Nathan Kazmierski, CPA

Tax & Assurance Partner

View Profile
Sukhdeep Thind, CPA, GTA Acclunting

Sukhdeep Thind, CPA,
CGA, FCCA

Auditing, External CFO

View Profile
sohail afzal toronto cpa

Sohail Afzal, CPA,
CMA, MBA

Tax Accounting Partner

View Profile

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