Should I Hold My Investments in a Holding Company?
You may be wondering if you would be better off to form a corporation to hold your investments, rather than holding them personally. Unfortunately, this is not a simple question to answer, because every person's situation differs, depending upon the amount they have to invest, and the province in which they live.
Holding your investments inside a corporation will not necessarily allow you to write off additional expenses. The only expenses that are deductible by a corporation are those expenses incurred in order to produce income.
Should you incorporate? - more advantages and disadvantages of corporations in general.
Tax Tip: This is extremely complicated. Get advice from a qualified tax professional.
Revised: December 08, 2021
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