Should I incorporate my business?

See what incorporating would change this year, and what it wouldn't.

A few quick questions first

Is your business making a profit yet?

Would you be an employee of your main client if you weren't incorporated?

Do you or your family already own a corporation?

Do you plan to pay dividends to a spouse or adult children?

Expected yearly business profit, before paying yourselfHow much you want to take out each year, before personal taxOther employment income (optional)Extra yearly cost of running a corporationAccounting, filings and fees. Default $2,000; change it if you know yours.

Tax year

Thinking about incorporating? Book a call and we'll model salary and dividends for you.

Get started 1 (800) 587-9722

Sources

Corporation tax ratesCRA · canada.ca
Provincial and territorial dual corporation tax ratesCRA · canada.ca
Ontario Budget 2026, tax measures annexOntario Ministry of Finance · budget.ontario.ca
Canadian income tax rates for individuals, current and previous yearsCRA · canada.ca
All deductions, credits and expensesCRA · canada.ca
Ontario Health PremiumGovernment of Ontario · ontario.ca
CPP contribution rates, maximums and exemptions for 2026CRA · canada.ca
KPMG corporate tax rates, second quarter 2026KPMG
Ontario income tax rates and dividend tax creditsTaxTips.ca · taxtips.ca
Ontario small business deduction and dividend credit changesAdvisor.ca

This tool gives general information for Ontario residents using 2026 rules. It isn't advice about your situation, and your real result can differ. Nothing you type is stored unless you ask us to email you the result.

More free tools: Tax set-aside calculator · HST registration checker · Guide: incorporating in Ontario