The work that comes with your industry.
Incorporation decisions
Whether a corporation makes sense at your income level.
Personal services business review
We review your contracts and working arrangements for PSB risk.
Paying yourself
A salary and dividend mix planned every year.
Expenses and home office
What you can claim, and the records you need to back it up.
GST/HST
Registration, rules for clients in other provinces, and on-time returns.
Bookkeeping and year-end
Light-touch bookkeeping, financial statements and your T2.
What professional services clients ask us
What is a personal services business?
It's when an incorporated contractor would reasonably be seen as the client's employee if the corporation didn't exist. A PSB loses the small business deduction and most expense deductions, so how your contracts are set up matters.
Should I pay myself salary or dividends?
Salary builds RRSP room and CPP; dividends can mean less paperwork and different tax timing. The right mix depends on your income, plans and family situation.
Do I charge HST to clients outside Ontario?
Usually you charge the rate of the province where your client is, and services to clients outside Canada are often zero-rated. We check the rules for each client.