Make sure you know your corporate income tax obligations when you decide to incorporate for work

when you decide to incorporate for work, if you meet all three following criteria, you may be operating a personal services business.

👉 you are the only shareholder and likely the only employee of your corporation;

👉 you perform services for one other business (payer);

👉 you use equipment and/or tools provided by that business to perform those services.

Make sure you know your corporate income tax obligations – they may be different than other corporations.

More Info ➡️ http://ow.ly/VOoc50N8x3g (Source from CRA)