[Suk Ling Lau]

Here is what my accountant tells me: Regarding incorporation, for it to make sense, you need to be able to leave a reasonable amount of income as savings each year in the corporation for your retirement. Usually, that would mean leaving maybe $25,000 or more each year that you do not need personally to make it worthwhile. The accounting cost of running your business through a corporation is about an extra $1500 per year roughly.