British Columbia, Canada has one of North America’s most competitive, flexible, and supportive business climates. British Columbia consistently receives favorable credit ratings. British Columbia vast resources, competitive taxes, stable and well-regulated financial system and fiscally responsible government attract investment from around the world. OVERVIEW OF TYPES OF BUSINESSES IN BRITISH COLUMBIA There are several ways […]
Grow Your Business In British Columbia, Canada
British Columbia is one of North America’s most competitive and dynamic business locations. Our strong economy offers unlimited potential, and our advantages attract growth-focused businesses from around the world. Take Your Place With The World’s Best British Columbia combines a business-friendly environment with an outstanding quality of life. Organizations benefit from our prime location, rich […]
When and how do corporations pay income tax?
Corporations have to pay income tax in monthly or quarterly installments unless the total of Part I, Part VI, Part VI.1, and Part XIII.1 taxes payable for either the previous year or the current year is $3,000 or less. The balance of tax the corporation owes for a tax year is due within either two […]
Canada Tax Return for Non-resident corporations
A non-resident corporation has to file a T2 return if, at any time in the year, one of the following situations applies: it carried on business in Canada it had a taxable capital gain it disposed of taxable Canadian property unless the disposition meets all the criteria listed below in the section “Dispositions of taxable […]
Types of Canadian corporations for tax purposes
There are different types of corporations for tax purposes, and you have to select the one that accurately describes your corporation type at the end of the tax year. The corporation type determines whether or not the corporation is entitled to certain rates and deductions. Make sure you know which type applies to you: Canadian-controlled […]
Advantages of Federal Corporations in Canada
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 […]
Limited Partnership Structure Proving Attractive to Foreign Investors
Foreign investors considering establishing businesses in Canada increasingly are weighing the merits of structuring their concerns as limited partnerships. A limited partnership (LP) is a partnership among persons carrying on business in common. It is composed of a general partner (or partners) and one or more limited partners. The limited partners benefit from limited liability. […]
Transfer of registered office by agent of a British Columbia Corporation
An applicant agent means a person (a) who is not a director or officer of the company, and (b) who is authorized by the company to maintain the registered office of the company. An applicant agent who maintains the registered office of a company may apply to the registrar, in an application to transfer registered […]
Change of agent’s office of a British Columbia Corporation
A person who maintains the registered office or records office of one or more companies at the person’s place of business or residence may, if there is to be a change to one or both of the mailing address and the delivery address of that place of business or residence, before that change occurs, file […]
Change of registered or records office of a British Columbia Corporation
Subject to section 34 (1) of the British Columbia Business Corporation Act, a company that has been authorized to do so under subsection (2) of this section may change one or both of the mailing address and delivery address of one or both of its registered office and records office by filing with the registrar […]
