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Updated over 5 years ago on . Most recent reply

User Stats

47
Posts
15
Votes
Devon Cornwall
15
Votes |
47
Posts

Looking for Canadian CPA for confirmation

Devon Cornwall
Posted

I'm looking for some information about how corporations work in the terms of personal. Can I set up a holding corp that shows no income (paying no tax) as a through entity?

Essentially, I am working with a group of 3 others and we are sharing ownership of a corp. I want to set up my own holding corporation to hold onto that piece of the other corp but I want all of my income from it to be passed through my corporation and not having to pay tax on it?

Is this possible?

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