FAS Insights
A professional corporation is the company an individual practitioner — a lawyer, doctor, dentist, therapist, realtor, or consultant — uses to earn their professional income. It changes how that income is taxed, and the decisions made inside it compound year over year.
These articles explain those decisions in plain language: salary versus dividends, retained earnings and the passive income rules, personal services business (PSB) exposure, T2 filing deadlines, and what to expect from a CPA. Written for Canadian incorporated solopreneurs earning $250K–$2M.
Canadian lawyers, optimize your legal professional corporation with specialized CPA services. FAS offers expert tax, bookkeeping, and advisory for compliance & growth.
Read articleExpert accounting and tax solutions tailored for incorporated consultants and therapists in Canada. Maximize income, minimize tax, and reclaim your time with a specialist CPA.
Read articleDiscover comprehensive accounting services tailored for Canadian incorporated professionals. FAS offers monthly bookkeeping, tax, and strategic advisory, freeing your time for what you do best.
Read articleDiscover the Corporate Exposure Scorecard, a professional corporation diagnostic tool for Canadian solopreneurs to identify CRA exposure risk, organizational gaps, and optimize financial strategy with a specialist CPA.
Read articleFor doctors and dentists in Canada, managing your professional corporation's finances can be complex. Discover how a specialized CPA firm streamlines accounting, tax, and strategic planning, giving you back valuable time. Get expert support tailored for medical and dental practices.
Read articleGet answers to frequently asked questions about professional corporation accounting, tax, and FAS's specialized CPA services for Canadian solopreneurs. Discover how our flat fee model provides clarity and peace of mind.
Read articleSpecialized CPA for incorporated creatives in Canada. Get expert tax, bookkeeping, and advisory services tailored for artists and creative professionals to optimize your finances and save time.
Read articleDiscover the flat fee CPA model in Canada for incorporated professionals. Gain predictable accounting costs, comprehensive services, and peace of mind with Flemming Advisory Services.
Read articleConfused by CPA pricing? Compare flat fee vs. hourly billing models for Canadian corporations. Discover how predictable accounting costs and proactive advice benefit your incorporated business and help you reclaim your time.
Read articleDiscover whether a generalist accountant or a specialist CPA for solopreneurs is right for your Canadian professional corporation. Optimize your tax strategy and save time.
Read articleNavigate income splitting strategies for Canadian incorporated professionals after TOSI. Discover legitimate ways to optimize tax and maximize household wealth with expert guidance.
Read articleWondering if incorporating your business in Canada is still beneficial? Explore the pros, cons, tax advantages, and costs for solopreneurs earning $250K-$1M annually.
Read articleNavigate every stage of your professional corporation's journey with strategic lifecycle advisory. Optimize compensation, manage retained earnings, and plan for succession with expert guidance from FAS for Canadian solopreneurs.
Read articleLearn proactive strategies to minimize CRA exposure risk for your Canadian professional corporation. Safeguard your business from audits with organized bookkeeping, timely filings, and expert CPA guidance, tailored for solopreneurs.
Read articleDemystify owner-draw payroll for your Canadian professional corporation. Learn how to manage your compensation effectively, understand T4s, and optimize tax strategy with expert guidance.
Read articleProtect your professional corporation from costly Personal Services Business (PSB) designation. Learn PSB rules in Canada and how to ensure compliance, maintain tax advantages, and minimize CRA risk.
Read articleUnlock growth and minimize tax for your Real Estate Professional Corporation (PREC) in Canada. Expert CPA services tailored for realtors, offering flat-fee accounting, T2/T1 tax filing, and strategic financial advice to optimize your income and protect your assets.
Read articleNavigate Canadian retained earnings and passive income rules for your professional corporation. Learn strategies to optimize taxes and avoid the passive income clawback.
Read articleNavigate the salary vs. dividends debate for your Canadian professional corporation. Optimize your compensation mix for tax efficiency with expert CPA guidance.
Read articleMaster T2 corporate tax filing deadlines and payment dates for your Canadian corporation. Avoid penalties with our expert guide for incorporated solopreneurs.
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