Small Business

I’m an IT consultant in Canada. Should I open a Corporation?

I’m an IT consultant in Canada. Should I open a Corporation? 960 540 Baranov CPA

Are you an IT consultant looking to incorporate in Canada? Have you recently incorporated? There is a lot of misconception among the IT professionals with regards to what are the…

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Professional Corporations in Ontario – Quick Answers to Common Questions

Professional Corporations in Ontario – Quick Answers to Common Questions 960 640 Baranov CPA

Professional Corporations (PC) have been around in Ontario since 1990. In the past, professionals like doctors, lawyers, dentists were not allowed to incorporate by their respective associations. There were some…

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5 Reasons Not to Run a Cash Based Business in Canada

5 Reasons Not to Run a Cash Based Business in Canada 960 637 Baranov CPA

The underground economy has been shrinking over the last 10 years. The economy is moving toward digital currencies with cash gradually withdrawn from the economy by the Bank of Canada.…

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