Incorporation Session 12 - Income Splitting
This series identifies the disadvantages of incorporating as well as how these work for you. Disadvantages of incorporating - those being registering the entity and annual compliance. Kevin explains how easy these entities are formed and maintained. Kevin also explains why it is important to properly organize and keep your entity separate. Here we discuss a rich example on how your corporation can shield you from excess taxation. Kevin also explains how you can keep money inside your corporation at a lower tax bracket and only pay yourself what you need at the high individual levels of taxation.
Inside This Session
- Disadvantages of incorporating
- Income splitting
- Corporate taxation
- Financial strategies with corporate income