The Patent Cooperation Treaty (PCT) is a key tool for Canadian applicants who want to protect inventions beyond Canada without immediately filing in dozens of countries. By filing one international application through CIPO or WIPO, innovators secure a single priority date, receive an international search and written opinion, and gain up to 30 months before deciding where to pursue full patent rights, including in Canada’s own national phase.
Incorporating a Canadian sole proprietorship can trigger immediate tax on assets like equipment, inventory, and goodwill, but a Section 85 rollover allows owners to transfer these assets into a corporation on a tax-deferred basis. This example walks through how a rollover works, the T2057 election, and the main benefits and trade-offs so business owners can incorporate more efficiently under the Income Tax Act of Canada.
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