Incorporation is a form of business ownership that creates a distinct legal entity separate from its owners (shareholders) unlike legal business structures such as sole proprietorships and partnerships. Upon creation of a corporation, owners receive shares...
Where to Find the Money You Need to Start a Business in Canada Do you have enough money to start your business? While some new small businesses are funded by their owners, many others require funding from external sources to begin. This page outlines the...
There are individuals in Canada whose innovative ideas and talents would have gone to waste without the assistance of startup loans provided by microfinance programs. Although microfinance is often associated with developing countries, it is also actively practiced in...
Taxable perks are benefits granted to employees that employers must add to the employees’ income each pay period to determine the total income subject to source tax deductions. According to the Canada Revenue Agency (CRA), a benefit refers to the employer...
A limited liability company or LLC, which is a hybrid business structure, combines elements of both a corporation and a partnership or sole proprietorship: Similar to sole proprietorships or partnerships, an LLC is an unincorporated entity.From a taxation...
