2min chapter

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18: The Emotional Cost of Entrepreneurship

Money Feels

CHAPTER

Is It Better to Incorporate or Not?

An accountant will run you about like 1500 a year. I think that's what mine is to do my corporate filing. And then whether or not you should incorporate kind of depends more on the direction that you want to take your business versus how much you make. A corporation can smooth your income out over your lifetime. Like, it becomes another tax shelter that is as valuable as like the RRSP.

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