7150 Hawthorne Dr. Unit 104
Windsor, ON, N8T 3N3
Phone: (519) 974-6688
Toll Free: +1 866-973-4846
Fax: (519) 974-7192
Lawyers, accountants, doctors, dentists, chiropractors, etc will need to answer the following question:
Should I incorporate my practice?
The Myths
The Spender Myth: "There is no benefit because I spend all of my money."
The Saver Myth: "It is only a tax deferral, I will eventually have to pay the tax."
Personal Tax Rates: taxable income of $103,000+
Ordinary Income - 46.4%
Dividends - 31.3%
Capital Gains - 23.2%
Tax Rates (Corporate)
Small business rate on first $200,000 annual income:
2003 - 19%
2005 - 17%
Keeping the Benefit
Opportunity for $500,000 capital gain exemption on sale of shares. Opportunity for multiple will planning to avoid probate.
Mutual funds are offered through Manulife Securities Investment Services Inc. Insurance products and services are offered through Seguin Financial Group Ltd. Seguin Financial Group is a trade name used for both mutual fund & Insurance business activities. Banking products and services are offered through referral.
