Quote Originally Posted by Applecart View Post
If you are considering this maneuver as a way to reduce your tax bills, you would be disappointed because the CRA would see through it and won't allow you to take the tax advantages of being a small Canadian company.
^^^ Gold
Quote Originally Posted by Applecart View Post
Because you will also be the managing director/officer of the company by definition, you will not be protected by the limited liability feature. if you are sued by your employer, you as director may be liable for damages above and beyond the initial investment that you made as shareholder.
^^^ Gold


I bet Applecart is or has been incorporated, solid advice. The Gov knows every loop hole you can think of, being INC. is nothing like what it was in the 60's....except if you are a millionaire and have Harpers cell phone on speed dial....

Regards