In Alberta’s growing business climate, many entrepreneurs wonder whether they should incorporate. Incorporation offers benefits—but only when done correctly and at the right time.
1. Liability Protection
Incorporating separates your personal assets from business risks—protecting your home, car, and savings.
2. Tax Advantages
Corporations may qualify for lower tax rates and additional deductions.
Plus, income can be split or deferred for better tax management.
3. Professional Reputation
Corporations often appear more stable and trustworthy to clients, lenders, and partners.
4. Easier Access to Financing
Banks and investors generally prefer incorporated businesses.
5. More Administration Required
Keep in mind: corporations require annual filings, structured payroll, and corporate record management.
Conclusion
Incorporation offers powerful advantages but requires proper planning.
Swift can assess your situation and help you determine if incorporation is the right step for your business.
