Ontario Tax Rate for Individuals Under both federal and Ontario legislation, marginal tax rates apply to individuals. For 2012, the combined federal and Ontario top marginal rate for individuals is 46.41% for ordinary income (such as salary and interest), 23.2% for capital gains and approximately 29.54% for eligible dividends. In the Ontario budget, released March […]
Ontario income tax on individuals and corporations.
In Canada, both the Ontario and federal governments impose an income tax on individuals and corporations. The federal government collects personal income taxes for Ontario. residents of Ontario file one combined federal and Ontario income tax return with the Canada revenue Agency (the “CRA”). As a result of a “harmonization”, effective for tax years beginning […]
Establishing a Branch in Canada
Branch Operations branch operations in Canada are an alternative to incorporation. A non-Canadian corporation may register to carry on business in Canada as a branch in the same manner as a corporation incorporated federally or in another province. Non-Canadian corporations with branch operations must appoint a local agent for the service of court documents. A […]
Establishing a new business in Canada as a Corporation
Direct investment in Canada is often through the establishment of a corporation. Corporations may be formed under provincial or federal law. Incorporation may be effected rapidly and inexpensively. Often the most pressing initial matter is to choose a corporate name that is not confusingly similar to an existing corporate name or trademark. incorporation is achieved […]
Formation of limited partnerships in Alberta
Subject to subsection (2) of the Alberta Partnership Act, a limited partnership is formed when a certificate substantially complying with subsection (3) is filed with and recorded by the Registrar. A certificate shall be signed by all the persons desiring to form a limited partnership and shall state (a) the firm name under which the […]
Requirements to Start a Business in Canada
Starting a new business in Canada as a Canadian resident or Non-Canadian resident is very straightforward and the registration of the new venture can be done in six easy steps: 1. The first step is the name search request 2. The second step is to hire the services of a registered agent in the jurisdiction […]
Reasons to start a business in Canada
According to recent rankings from both Forbes1 and US News, 2 Canada is the best country in the G20 for establishing business operations, and the Economist Intelligence Unit asserts that Canada is expected to be the second best country in the G7 for doing business over the next five-year period, from 2017 to 2021.3 Canada […]
Can I open a business in Canada as a non resident?
Can I open a business in Canada as a non-resident? Yes, starting a non-resident business in Canada is possible – but certain requirements have to be met. Non-Canadian residents are able to register companies in Canada in eight provinces: British Columbia Prince Edward Island New Brunswick Nova Scotia Nunavut Quebec Northwest Territories Yukon The process to […]
Start a Business in Canada without Living in Canada
Are you a non-Canadian who would like to open a company in Canada? If you are a Non-Canadian resident interested in starting a new business in Canada without living in Canada, you can do it. Certain Canadian provinces and territories allow Non-Canadian residents to register and start new companies without the need to live or […]
Limited Partnership Registration in Canada For Non-Residents
Foreign investors considering establishing a new business in Canada increasingly are weighing the merits of registering their businesses in Canada as limited partnerships. Ontario Limited partnerships are used by business as a vehicle of choice for many purposes, including as vehicles for the making of venture capital and private equity investments. One of the major […]
