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| | CorporationA corporation is a separate legal entity. It can enter into contracts and own property in its own name, separately and distinctly from its owners. Since a corporation has a separate legal existence, it has to pay tax on its income, and therefore must file its own income tax return. It must also register for the GST/HST if its taxable worldwide annual revenues (including those of associates) are more than $30,000. Click HERE for more discussion on Corporations. Click HERE for the taxation of Corporations. Careful planning with a Chartered Accountant is warranted. Contact Keith Anderson CA at (780) 447-5830 if you need advice. Legal Notice And Disclaimer Privacy Statement | | |  |  | Notice |
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