[Verse 1]
Two pathways split where business starts to grow
Sole proprietor keeps things simple, nice and slow
T2125 attached right to your personal return
Partnership follows suit, same lessons you will learn
Business losses cushion other income streams
Offsetting salary with your entrepreneurial dreams
[Chorus]
Structure shapes your deduction game
Corporation or your own name
Eleven percent versus personal rate
Choose your vessel, seal your fate
Same expenses, different doors
Structure opens so much more
[Verse 2]
Cross the line to incorporation's realm
CCPC puts the corporation at the helm
Separate taxpayer with its own ID
Small business rate on first five hundred grand, you see
Eleven to twelve and half percent applies
While personal rates reach much higher in the sky
[Chorus]
Structure shapes your deduction game
Corporation or your own name
Eleven percent versus personal rate
Choose your vessel, seal your fate
Same expenses, different doors
Structure opens so much more
[Bridge]
Salary, dividends, rental flows
Reimbursements, how the money goes
Private health plans come alive
Vehicle arrangements help you thrive
Planning opportunities multiply
When corporate structure's standing by
[Verse 3]
Many deductions work in either space
But incorporation shows a different face
Money flows from business straight to you
Multiple channels give you more to do
Same write-offs but the timing's changed
Corporate planning gets you rearranged
[Chorus]
Structure shapes your deduction game
Corporation or your own name
Eleven percent versus personal rate
Choose your vessel, seal your fate
Same expenses, different doors
Structure opens so much more
[Outro]
T2125 or corporate shield
Both can maximize the benefits you yield
Choose wisely how your business breathe