Ep. 24 | Should You Incorporate? What Canadians Should Know
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Ep. 24 | Should You Incorporate? What Canadians Should Know
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About this listen
Should you incorporate your business, or stick with a sole proprietorship? In this episode, Tré and Sierra unpack what a corporation really is, how it works, and why it’s one of the most powerful wealth-building tools available to Canadians. Tré explains the real advantages—legal protection, tax efficiency, and control over income timing—while also calling out the pitfalls that sink small business owners who treat their corporations like personal piggy banks. Whether you’re a freelancer, professional, or business owner, this episode helps you understand how corporations create opportunity and what mistakes to avoid before you make the move.
You’ll learn
- What a corporation actually is (and how it differs from a sole proprietorship)
- The truth about corporate tax advantages (no, it’s not a magic loophole)
- How to use pre-tax dollars to build wealth faster
- The difference between personal and professional liability
- The biggest mistakes small business owners make with corporations
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