Sole Proprietorship Vs. Corporation

[Gareth Kindree]

I've been planning to invest in a property to rent it out and I'm not sure whether it would be better to do so as a corporation or a sole proprietor. Are there any tax benefits to creating a corporation?

[Claude Boiron]

Hi @Gareth Kindree, please note that Canadian (and Ontarian) taxes and ownership structures are very different than those in the States. I only buy properties in corporations, but that's what works for me. It really is very investor-specific, and depends on what your income, other assets, liabilities, family, etc. look like. Happy to give you a couple of names in Toronto if you're interested.