Incorporation

Creating a Canadian incorporation to hold a property involves several steps.  You can hire a lawyer, accountant or do-it-yourself to create an incorporation in Canada to hold a property.  Regardless who is doing the actual registration of the corporation, here's an overview of the process:Choose a name for your corporation or use a number company:   If you want to pick a name for your corporation, it...

There are several factors to consider when deciding whether to own a property under a personal name or a corporation name. Here are some benefits of each:Benefits of owning a property under personal name:Simplicity: Owning a property under a personal name is a simpler process than setting up a corporation, which involves more legal and administrative work.Tax benefits: If you own a property under your...