Dr.Driller is a dentist who is interested in incorporating as an individual.If he attempts to do so,Dr.Driller is likely to find that:
A)most provinces do not allow individuals to incorporate.
B)the procedures for an individual to incorporate are extremely complex.
C)he may actually save on taxes.
D)his business will be owned by a large number of stockholders with whom he must share his income.

Question

Quizplus · Accepted Answer

Incorporating as an individual may offer tax benefits such as the ability to income split with family members and the ability to take advantage of the small business deduction. However, it is important for Dr. Driller to speak with a tax professional to determine if incorporating as an individual is the best option for his specific situation.

DrDriller Is a Dentist Who Is Interested in Incorporating as an Individual.If