Incorporations
Visit our knowledge centre to learn more about incorporating your business.
Incorporation Services
SRJ Chartered Professional Accountants are experts in incorporation laws and tax. We have been simplifying the incorporation process for businesses across Toronto and Mississauga for many years and we can help you take the next step into growing within your profession.
Incorporation Service in Toronto
Incorporation is the legal process whereby a newly formed business entity is legally created in order to protect the owners of a business from legal liability. The incorporation process is governed by either the federal or provincial laws under which the corporation was established. Therefore, it is fundamental to employ someone familiar with the incorporation laws and regulations of your jurisdiction and the governing body that regulates your profession.
There are a number of steps that one must take in order to incorporate their business; at SRJ Chartered Accountants located in Toronto and Mississauga, we make this process simple for you by walking you through this and providing guidance on requirements that you must be aware of to move forward.
There are several advantages to incorporating your business. Using your personal identity to get a business started can be common, but as time goes on and your business starts to grow, it is not a good long-term strategy. If your company should encounter legal problems or have liabilities such as those owed to creditors, you will be personally exposed to the debts that the business may have accrued. Incorporating can help shield your family's personal assets from being exposed to such liabilities.
Professional Corporations
Once a company is incorporated, the business will become subject to lower corporate income tax rates. Corporations are typically subject to more favourable tax rates as compared with the individual tax rate. Lower tax rates result in more money being available to help grow the business.
Furthermore, corporations often also allow for income splitting between family members which can also result in further tax savings in comparison to operating a business as a sole-proprietorship. Income splitting is done using family members such as spouses, parents and children; by utilizing family members in lower tax brackets, you may be able to bring down your family's overall tax burden by income splitting using a corporation.
In certain cases, some professional bodies will allow their members to register their business through a corporation and establish what is known as a "Professional Corporation." A professional corporation is similar to that of a regular corporation, except for the fact that it is restricted to only providing certain specific types of professional services.
Who Can Establish a Professional Corporation
The following professions are allowed to establish a professional corporation in Ontario:
- Accountants
- Chiropractors
- Dentists
- Doctors
- Lawyers
- Pharmacists
- And other regulated professions
While establishing a professional corporation may have many advantages, they can get rather complicated to set up and thus one should seek professional advice in doing so. If you are looking to incorporate your business, contact SRJ Chartered Accountants in Toronto or Mississauga. We look forward to guiding you through this process and putting your business on the path to success.
Incorporation Benefits
- Shield personal assets from business liabilities
- Access lower corporate income tax rates
- Income splitting opportunities with family members
- Professional corporation setup for regulated professions
- Federal and provincial incorporation guidance
Incorporations
Visit our knowledge centre to learn more about incorporating your business:
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We know that incorporating is a very daunting process. SRJCA are experts in helping you incorporate. Set up a consultation with one of our Professional Accountants to assist with the process and put your business on the path to success.
SRJ Chartered Accountants has two conveniently located offices in the Greater Toronto Area.
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Client Success Stories
Alyza Raithatha - Integra Health Centre
Craig Gibson - Scotiabank
Abraham Top - Diamond and Diamond Lawyers
Shayan Rashid, CPA
Co-Founder
As Co-Founder of SRJ Chartered Professional Accountants, Shayan has spent over a decade helping business owners across more than a dozen industries navigate complex tax and accounting challenges. From healthcare practitioners and legal professionals to tech startups and eCommerce brands, his strategic approach focuses on reducing tax burdens and building sustainable financial systems that scale with each client's growth.
Junaid Usmani, CPA, CA, MTax
Co-Founder
Junaid brings deep expertise in corporate tax planning and advisory services to clients across every industry SRJ serves. With a focus on professional corporations, holding company structures, and multi-jurisdictional tax strategy, he helps business owners make informed decisions at every stage, whether they're incorporating their first practice, expanding a tech company, or preparing for a business sale. His attention to detail and proactive approach have made him a trusted partner for self-employed professionals across Toronto.
Tracie Heier, CPA, CA, MPAcc
Partner
Tracie plays a key role in client relationships and engagement at SRJ, working closely with business owners across healthcare, professional services, and growing enterprises. She specializes in translating complex accounting concepts into practical guidance, helping clients understand their numbers and make confident decisions. Her collaborative approach ensures every client, from solo practitioners to established firms, feels supported throughout the year, not just at tax time.