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The Costly Consequences of Pretending To Be An Incorporated Consultant

BC corporations enjoy a 11% corporate tax rate on the first $500,000 of taxable income from active business due to the small business deduction (“SBD”). Most BC incorporated businesses qualify for this tax break. In fact, many businesses structure its business affairs in ways that can take full advantage of this favourable tax treatment. Consultants Who May Not Be CRA

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