Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Can I account for start-up costs that occur before incorporation?
Yes you can. You should talk to your tax advisor re the specific expenditures that can be accounted as startup-costs (legal fees are a good candidate, for example). If they add up to significant amounts (>$5K), you'll have to capitalize them over a certain period of time, and deduct from your business' income. This is not a tax advice.:-)