This page provides information about the income tax rules that apply to non-residents of Canada. Your tax obligations As a non-resident of Canada, you pay tax on income you receive from sources in Canada. The type of tax you pay and the requirement to file an income tax return depend on the type of income […]
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Types of Corporations in Ontario
In Ontario, there are two types of corporations: a business a not-for-profit Business Corporations A corporation is its own legal entity (i.e. a pretend person), unlike a sole proprietorship or a partnership. The corporation owns the assets and has the liabilities, not the shareholders (or the directors). A corporation may own property in its own […]
What Incorporation Means
Companies are incorporated in B.C. under the Business Corporations Act. The Act gives incorporated companies: All the powers of an individual An independent existence – separate and distinct from its shareholders An unlimited life expectancy A company can acquire assets, go into debt, enter into contracts, sue or be sued. Company Formations Canada provides fast […]
Incorporated Companies in British Columbia
Incorporated Companies. In B.C., incorporation creates a legal entity known as a corporation, commonly referred to as a company. Three types of companies may be created through incorporation: Limited company (most common) Unlimited liability company Community contribution company Why should I incorporate? One of the most frequently asked questions by entrepreneurs starting a new business […]
Types of Corporations in Yukon
In Yukon, there are two types of corporations: a business a not-for-profit Business Corporations A corporation is its own legal entity (i.e. a pretend person), unlike a sole proprietorship or a partnership. The corporation owns the assets and has the liabilities, not the shareholders (or the directors). A corporation may own property in its own […]
Types of Corporations in Saskatchewan
In Saskatchewan, there are two types of corporations: a business a not-for-profit Business Corporations A corporation is its own legal entity (i.e. a pretend person), unlike a sole proprietorship or a partnership. The corporation owns the assets and has the liabilities, not the shareholders (or the directors). A corporation may own property in its own […]
Types of Corporations in Prince Edward Island
In Prince Edward Island, there are two types of corporations: a business a not-for-profit Business Corporations A corporation is its own legal entity (i.e. a pretend person), unlike a sole proprietorship or a partnership. The corporation owns the assets and has the liabilities, not the shareholders (or the directors). A corporation may own property in […]
Type of Companies in Nunavut
In Nunavut, there are two types of corporations: a business a not-for-profit Business Corporations A corporation is its own legal entity (i.e. a pretend person), unlike a sole proprietorship or a partnership. The corporation owns the assets and has the liabilities, not the shareholders (or the directors). A corporation may own property in its own […]
Types of Corporations In Nova Scotia
In Nova Scotia, there are two types of corporations: a business a not-for-profit Business Corporations A corporation is its own legal entity (i.e. a pretend person), unlike a sole proprietorship or a partnership. The corporation owns the assets and has the liabilities, not the shareholders (or the directors). A corporation may own property in its […]
Types of Corporations in the Northwest Territories
In Northwest Territories, there are two types of corporations: a business a not-for-profit Business Corporations A corporation is its own legal entity (i.e. a pretend person), unlike a sole proprietorship or a partnership. The corporation owns the assets and has the liabilities, not the shareholders (or the directors). A corporation may own property in its […]
