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To Incorporate Or Not?
If you're starting up your own business, it might not be a good tax strategy to incorporate right away. If your business loses money in the first few years, you can use your losses to offset your other income or even recover personal income taxes paid in the last few years. On the other hand, if you incorporate your business the losses stay in the corporation where they can only offset the corporation's profits - if there is no subsequent growth you will miss the chance to deduct them.
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