Agree with Ben. The only thing I'll add is that if your revenue isn't super consistent, but at least one month will cover your yearly tax & company admin costs, then it will still make sense to do so.
IMO the main reason it would make sense not to is if you aren't yet making any money and your country has some form of sole-proprietor structure available to you (dunno if that's a thing in Canada) where it's more optimal to stick to that for a while.
Agree with Ben. The only thing I'll add is that if your revenue isn't super consistent, but at least one month will cover your yearly tax & company admin costs, then it will still make sense to do so.
IMO the main reason it would make sense not to is if you aren't yet making any money and your country has some form of sole-proprietor structure available to you (dunno if that's a thing in Canada) where it's more optimal to stick to that for a while.