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As companies continue to shed full-time positions, more and more one-person small businesses are created and many of these incorporate for the tax advantages and liability protection. Worse, you may be on the hook for a hefty Speed dating London under 30 bill to make up for tax Personal services Quebec Canada for years that have been Personal services Quebec Canada. The basic problem is that income from a personal services business is not considered to be active business income by the CRA. Corporate tax rates vary from province to province, but the difference can be very expensive tax-wise, Male massages Windsor Mark Goodfield, managing partner of Cunningham LLP, a Toronto-based law firm, explains in his The Blunt Bean Counter blog :. As a shareholder in a personal services corporation, you are an incorporated employee; therefore, tax-wise, you are not self-employed.

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