The main difference between federal and provincial incorporation is that federal incorporation gives your business increased business name protection and wider rights to carry on business.
Federal incorporation of your business means that you will be able to do business all across Canada under the same business name, even if some other company is already using a similar name in some province or territory. So if your federally incorporated business is named Cypress Technologies Inc., your company can do business in any province or territory as Cypress Technologies Inc., even if there are other companies with identical names also operating in those same provinces or territories.
This is not the case with provincial incorporation. When you incorporate your business in a particular province or territory, you are only entitled to operate your business in that jurisdiction and have no name protection outside that province or territory.
Sure, if you incorporate your business in Ontario, and then want to do business in Manitoba, you can register your Ontario corporation in Manitoba so you can do that, but there’s no guarantee that there won’t be other businesses of that name or a similar name operating there – meaning that your company may not be able to operate in that province under your chosen name at all.
And one more advantage – when you’re considering federal incorporation vs. provincial incorporation in Canada, in their Frequently Asked Questions on Federal Incorporation, Corporations Canada points out that federal incorporation has a cachet that provincial incorporation doesn’t and gives a company global recognition.
Canada Federal Incorporation Service
Company Formations Canada provides fast and easy Canada Federal Incorporation Service and provides all the documents your new Canada federal corporation will need to stay up-to-date and in compliance with the Canada Business Corporation Act.
Our Canada Federal Incorporation service includes:
Receipt and review of your incorporation information.
If you choose to incorporate a named company, we conduct a Provincial or NUANS prescreen search of your proposed corporate name and advice you if there are any difficulties with your name.
Preparation and filing of Article of Incorporation.
Personalized ByLaws
Personalized Company Minute Book
Organizational Resolutions
Register of Directors
The resignation of Director Form
Appointment of Corporate Officers
The resignation of Officer Form
Subscription of Shares
Share Certificate
Register of Shareholders
Consent and waiver for allotment of shares
Directors’ resolutions approving the allotment of shares
Consent and waiver for transfer of shares.
Shares Transfer Form
Directors’ Resolutions Approving Transfer of Shares
Bylaws
Notice of Organizational Meeting of Incorporators and Directors
Waiver of Notice of Meeting of Incorporators and Directors
Minutes of Organizational Meeting of Board of Directors
Waiver of Notice First Meeting of Shareholders
Minutes First Meeting of Shareholders
Notice to Directors of Regular Board Meeting
Minutes Shareholders Annual Meeting
Minutes Regular Board Meeting
Provincial-specific startup checklist
