Full-Time Employee vs. Incorporation


#1

Hello,

Was wondering if someone had experience working as either or both ways in Canada.

  1. What are the pros and Cons of each? Why the vast difference in the earnings?
  2. Is it better to be a full-time employee or get incorporated?
  3. Roughly the procedure for incorporation? (would appreciate any reliable links)
  4. Does getting incorporated equate to taking care of your health insurance & savings on your own without any government assistance?

Note: Apologise if this question seems a bit trivial for people who are already in Canada. But its difficult to get a succinct/definitive understanding without asking.

As always, any and all responses are appreciated.

With Regards,
MD