Understand the options
Discuss your business plans, proposed ownership and the questions to resolve before choosing a structure.
Set up with the next steps in mind
Incorporation & Business Setup
Incorporating means setting up your business as a separate corporation, federally or in Ontario. It can change how you are taxed and paid, and adds a second tax return every year. We compare the numbers with you first, then set up the tax accounts and books, while your lawyer handles the legal set-up.
Brampton · GTA · Virtual support across Canada
How it works
Incorporating, step by step.
Exactly what happens after you get in touch, starting with one 15-minute call.
- Today
Book 15 minutes
A free, no-obligation 15-minute call on Teams or at our office at 181 Queen St E, Brampton.
- The call
A plain comparison first
We look at your income and spending and show what changes if you incorporate, before you pay a filing fee.
- Set-up
Accounts and books in place
Business number, HST, payroll accounts and the records a new corporation needs. Your lawyer handles the legal set-up.
- First year-end
Dates on a calendar
We talk through your year-end choice and put your first filing and payment dates on a calendar.
- Your move
Ready when you are
Pick a 15-minute slot that suits you. We confirm the time and scope with you directly.
Your starting point
You are establishing a corporation and want its registrations, ownership arrangements and accounting setup to fit together.
How we help
We support Ontario or federal incorporation preparation, name-search coordination, relevant CRA accounts and bookkeeping setup. Qualified legal counsel handles the legal advice and documents required for your approved structure.
What you can expect
Organized administrative records and a practical checklist of the accounting and filing responsibilities that follow incorporation.
THE DETAIL BEHIND THE WORK
More than a task.
A clearer position.
Incorporation is a starting point, not the end of setup. Ownership decisions, registrations, corporate records and bookkeeping all need attention. We help organize the financial and administrative work and identify decisions that need legal or specialist tax advice.
Who this is for. For owners considering a corporation, businesses ready to register, or newly incorporated companies that need their accounting workflow established.
Coordinate the setup
Organize the registration information, supporting documents and program accounts relevant to the agreed scope.
Prepare for operations
Establish bookkeeping records and a process for separating and tracking corporate activity.
THE WORK, EXPLAINED
What is included
- Ontario provincial or federal incorporation preparation
- Name-search and supporting-document coordination as applicable
- Articles and initial corporate-record preparation within the agreed scope
- Registered-office and corporate-information coordination
- CRA Business Number and relevant program-account setup support
- GST/HST and payroll-registration discussions where needed
- Corporate bank-account opening guidance
- Post-incorporation bookkeeping setup
Scope details to confirm
- Ontario or federal incorporation preparation, name-search and registration coordination
- Ownership and address information, with corporate-record coordination
- CRA business numbers and relevant program accounts
- Banking setup information and initial bookkeeping
- Ongoing filing responsibilities; legal advice and required legal documents remain with qualified counsel
The exact work, timing and deliverables are confirmed in your engagement. A service listed here is not automatically included in every package.
HOW WE WORK TOGETHER
A clear process, from the start.
- 01
Review the starting point
We discuss the business, the relevant period or decision, your records and any upcoming deadlines.
- 02
Agree the scope
We set out the proposed work, information needed, responsibilities and fees before starting.
- 03
Complete and explain
We work through the agreed tasks, explain findings and keep unresolved questions visible.
- 04
Plan the follow-up
We identify the next action and, where relevant, ongoing reporting or review needs.
Incorporating your business
Should you incorporate? It depends on what you earn, what you spend and what you plan to keep in the company.
The questions owners ask us before and after they incorporate, and how we help with each one.
-
The problem
You're not sure incorporating is worth it yet.
A corporation adds a second tax return, separate books and more paperwork every year.
The solutionA plain comparison first
We look at your income and spending and show what changes if you incorporate, before you pay a filing fee.
-
The problem
You incorporated, then nothing else was set up.
A business number, HST account, payroll account and minute book often get missed in the first month.
The solutionA set-up checklist
We go through the accounts and records a new corporation usually needs, and set up the bookkeeping from day one.
-
The problem
You picked a year-end without thinking about it.
Your first T2 is due six months after that year-end, and the date affects your workload and planning.
The solutionA year-end that suits you
We talk through the year-end choice and put your first filing and payment dates in a calendar.
-
The problem
You don't know how to pay yourself from the company.
Salary and dividends are taxed differently and affect your RRSP room and CPP.
The solutionAn owner pay plan
We set out the options in general terms and review your own mix once the numbers are real.
Related services
Why owners trust Wealthy Wave Accounting
- Led by Chirag Kalra, Chartered Accountant (ICAI, India), with more than 12 years in accounting and tax
- Plain-language answers about your own numbers, with no jargon
- Bookkeeping, payroll, HST and corporate tax handled by one team
- We never ask for SINs, banking details or tax documents by text or WhatsApp
- A real office at 181 Queen St E, Unit 5, Brampton, with virtual support across Canada
Why talk to us before you file?
Most set-up problems are cheap to fix in the first month and expensive to fix at the first year-end. Legal set-up and share structure stay with your lawyer.
- Pick a time. 15 or 30 minutes, on Teams or at our Brampton office.
- We look at it with you. What you earn, what you plan and what a corporation would change.
- You decide. The call comes with no obligation.
Prefer to write first? Send an enquiry. Or call (647) 606-1824.
General information only. Tax advice is given within an engagement, based on your own records.
ANSWERS BEFORE YOU START
Common questions.
Have a question about your own situation? Let’s discuss it.
Should I incorporate provincially or federally?
That choice depends on your plans and circumstances. We help identify the accounting and registration questions and recommend legal advice where needed before a decision.
Does incorporation remove every liability or guarantee lower tax?
No such guarantee is made. Liability and tax consequences need a fact-specific review with the appropriate legal and tax advisers.
Are government fees included?
Government charges, legal fees and other third-party costs must be identified in the proposed scope. We do not assume they are included in an accounting service fee.
CONNECTED SUPPORT
Plan the next step.
A PRACTICAL NEXT STEP
Talk to us before
the deadline.
Share the service you need, your business type and any upcoming deadline. We’ll discuss the records, scope and next steps before work begins.
Call (647) 606-1824 Message on WhatsApp ↗chirag@wealthywaveaccounting.caThese links open your phone, email or WhatsApp app. Please don’t send tax returns, passwords, SINs or banking details in an initial enquiry.