buksoIncorporation costs ($3,000 rule)
Not tax advice. General bookkeeping information only, checked against the official sources linked below (Canada Revenue Agency, IRS, provincial governments and Justice Laws) on Oct 17, 2026. Rules change; check with your accountant before you file.
Canada
Costs to incorporate a corporation (legal and filing fees) can be deducted up to $3,000 in the year they are paid; the $3,000 is the total for that corporation, shared by everyone who claims it. Any amount above $3,000 is not expensed at once but claimed slowly as capital cost allowance. (Income Tax Act paragraph 20(1)(b))
Official source: laws-lois.justice.gc.ca