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Sole Proprietor

A sole proprietorship in Canada is a business where a single individual owns the business and assumes all responsibility of the business operations, decision making and liabilities.  This is a very simple process and the most common for small business in Canada.  Easy set up and very little administrative responsibilities.  

The profits generated by the business are assumed as personal income, so you may need some professional advice to determine if this option is best for you depending on additional income you may have.

This is a great option for individuals that want to have full control over operations and do not have significant other income that may result in a higher personal tax bracket.