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Looking for Canadian CPA for confirmation
I'm looking for some information about how corporations work in the terms of personal. Can I set up a holding corp that shows no income (paying no tax) as a through entity?
Essentially, I am working with a group of 3 others and we are sharing ownership of a corp. I want to set up my own holding corporation to hold onto that piece of the other corp but I want all of my income from it to be passed through my corporation and not having to pay tax on it?
Is this possible?