Information
Welcome to the Aegis Financial Group Inc. FAQ page. Here, you'll find answers to common questions about starting a business and managing your finances. We pride ourselves on providing clarity and confidence to new entrepreneurs. Explore our FAQs to understand how we can contribute to your success.
Frequently asked questions
Starting a new business comes with many questions. At Aegis Financial Group Inc., we're here to provide the answers and support you need to succeed. Our approach is rooted in quality advice and integrity, ensuring that you have the knowledge to make informed decisions.
What kind of business structure should I choose — sole proprietorship, partnership, or corporation?
Choosing the right structure is one of the most important first steps. At Aegis, we review your goals, industry, and projected income to recommend the most tax-efficient and legally sound setup. We also assist with incorporation, CRA registration, and bookkeeping system setup — ensuring your business starts on the right foundation.
What taxes do I need to register and file for my business?
Depending on your business type and revenue, you may need to register for GST/HST, payroll remittance, and corporate income tax. Aegis helps you identify your specific obligations, set up CRA accounts, and maintain year-round compliance. Our proactive tax planning ensures you not only file correctly — but save strategically.
How can I keep my accounting organized and efficient from the start?
We help you establish a tailored accounting system — from QuickBooks setup and cloud bookkeeping to customized reporting templates. With Aegis, your financial data stays clear, compliant, and decision-ready. And because we integrate tax, accounting, insurance, and financial planning, one team keeps your entire financial picture aligned.
Can you share an example of how your advice helped a new business succeed?
One of our clients — a new marketing agency in Toronto — came to Aegis unsure about how to structure their company and manage taxes efficiently. We helped them incorporate under the most tax-advantageous structure, set up a customized bookkeeping system, and designed a quarterly tax and cash-flow strategy. Within the first year, they saved over $18,000 in unnecessary taxes and late fees, while gaining a clear understanding of their financial position. With our ongoing guidance, the business grew steadily, hired two additional employees, and became fully compliant with CRA requirements — all with confidence and clarity.
I’m worried about making tax mistakes or getting audited.
Aegis not only keeps clients compliant but also practices proactive tax planning to legally minimize taxes and reduce audit risk.
I’m not good with numbers — how can I keep track of my finances as the business grows?
Aegis sets up simple, cloud-based accounting systems and provides ongoing support — so their finances are organized, accurate, and growth-ready.
What areas of accounting do you have the most experience in that would be helpful for new businesses?
We specialize in business incorporation & structuring, corporate & personal taxation, audit & assurance, bookkeeping & financial systems setup, and cash flow & forecast planning.
What makes your advice different?
Unlike traditional accounting firms that focus only on reports or compliance, Aegis offers a strategic, integrated, and education-based approach. We bridge accounting, taxation, insurance, and investment — giving every business the clarity and confidence to grow sustainably under one shield.
Beyond numbers, towards clarity
Ready to take control of your business finances? At Aegis Financial Group Inc., we provide the expertise and support you need to build a lasting legacy. Let us help you navigate the complexities of accounting and taxation with confidence.