Canada Tax Questions Answered by Experts
The main difference is that a corporation is a separate legal entity.
So if the corporation is held liable for something you will not be. It is a valid way to protect your own assets.
If the corporation is sued or declares bankruptcy you are not going to be hurt.
The only time a director is personally liable is if there is malfeasance or if there are unpaid wages or tax remittances or if the corporation collects sales tax and does not remit it.
Also thank you for requesting me on the other post. Unfortunately another lawyer answered before I had a chance to reply.
If you want me to answer just post again but this time put my name, it is Legal Ease, into the question. Then it will be left for me.