NEW INVESTOR IN CANADA, NB

[Randy McKillop]

Hey BP fam! 

I'm located in Plaster Rock, N.B CANADA. I'm new to the idea of real estate investing. In 2019, I tried flipping a property in a town 30 minutes from me. It wasn't a grand slam, by any means, but it was a base hit that got me excited about real estate. Last year, I purchased a bank repo and turned it into a house hack where the rental income is more than paying my mortgage. It's now 2021 and I'm looking for my next deal. I currently have two accepted offers on the table -- now to decide which one to take. 

The biggest question I have right now: Should I incorporate or operate as a sole proprietor?

My concern with a sole proprietorship is the liability that it brings. I am able to get great financing with banks, etc -- but the liability is there. However, once you incorporate, financing and taxation become a big deal. Is an incorporation worth it in the long run? 

Any advice from my fellow Canadian friends would be very helpful! Thanks! 

Randy