FBC Logo

Supporting Canadian Farm and Business Owners for More Than 65 Years


The Ultimate Guide to Incorporated Small Business in Canada

Expert tax advice for Canadian incorporated businesses.

Or, if you're just thinking about incorporating, our 41-page guide will show you what you need to know about corporate income tax and how to incorporate your business!

Ultimate Guide to Incorporated Small Business in Canada

Many incorporated business owners feel intimidated by the demands of tax season and the corporate filing requirements of the Canada Revenue Agency (CRA). This is completely natural.

While there are numerous benefits to incorporation, it also comes with complex obligations. The complexity and administrative burden of these requirements leave many businesses struggling to keep up. 

That’s why we’ve created this guide – not just to help you get organized for corporate income tax filing, but to help you make sense of your obligations under a corporate structure and to take advantage of the benefits! 

Get your free guide now.

Here's what's included in your 41-page Ultimate Guide to Incorporated Small Business in Canada

  • Advantages and disadvantages of sole-proprietorship, partnership and corporation business structures
  • Answers to the common question "When should I incorporate my business?"
  • The 4 main steps to incorporate your business
  • Federal corporate tax rate for 2020 and 2021
  • Provincial corporate tax income rates for 2020 and 2021
  • Corporate income tax credits and deductions
  • Corporate income tax filing and payment deadlines in Canada
  • What you need to get ready for your Canada corporate tax return filing (your T2)
  • Administrative requirements for your incorporated business
  • Minute books and annual returns (these are not tax returns!)
  • Income splitting through your incorporated business
  • Paying yourself a salary or dividends
  • T2 tax preparation checklist that includes all of the key documents you need to optimize your return
  • The impact COVID-19 support programs will have on your tax return (CEWS, TWS, CERS, CEBA)
  • ...and more!
Tax Preparation Toolkit