[Rosie Monti CGA]

This topic may have to wait for tax-time downtime, but I needed a break from the T1s and T2s. I found the option an interesting one, and (God help me) I'm going ahead with it. Not that I'm personally keen on auditing or reviews, but I do have this crazy dream of a multi-disciplinary team doing the "ancillary" stuff that makes the mundane bearable.... and if my myriad cashflow projections & tax estimates are even remotely accurate, this is interesting even at lower income threshholds. Did anyone else consider it, and if not, why not? (This is a bit like shopping after you've bought the goods, why am I doing this to myself? but hey, if you can't bare your soul to colleagues....)

Rosie (Montreal, QC)

[unknown]

Am in Alberta, and am incorporated as a PC

[James1]

I am also incorporated as a professional corporation. PC's are only beneficial to small practices since you would get your SBD limit reduced if you have several corporate/non-corporate partners.


James

[Gordon Wiber]

Been incorporated for years, BC has been very progressive in allowing professionals to incorporate (real estate salepersons will be able to incorporate in Jan-2009), with only restriction is the professional must own the voting shares, I would recommend that you employ "cash damming" techniques while a proprietor to get your mortgage interest deductible before you incorporate.