The Ontario Business Names Act administered by the Central Production and Verification Services Branch applies to: sole proprietorships (one owner) carrying on business under a name other than the individual’s full name; partnerships carrying on business under a firm name other than the full names of the partners; corporations carrying on business under a name […]
Registering your business name in Ontario
Business names are registered with the Central Production and Verification Services Branch (CPVSB) of the Ministry of Government and Consumer Services (MGCS) and are placed on the Public Record maintained by CPVSB for public disclosure. Anyone may search business name information contained on the Public Record for a fee to find the owners or principals […]
Tax Residency for Business Entities in British Columbia
A corporation will generally be considered resident in Canada for tax purposes if either it was incorporated in or continued into Canada or its central management is situated in Canada. An applicable tax treaty will also be considered when determining residency. Tax Rates for Business Entities Income Tax. A corporation resident in Canada must pay […]
Business Entities in British Columbia
The most common form of business vehicle used in British Columbia is the corporation. Corporations can be incorporated under the provincial Business Corporations Act. However, corporations can also be incorporated federally under the Canada Business Corporations Act. The provincial Business Corporations Act was recently updated and provide considerable flexibility over the Canada Business Corporations Act […]
Methods of Incorporation in Ontario
Methods of incorporation in Ontario. There are three service delivery choices available to clients who wish to incorporate a business corporation in Ontario: File Articles of Incorporation electronically File Articles of Incorporation electronically via the Internet through one of the Service Providers under contract with the Ministry of Government and Consumer Services. Register now Online […]
What Is the Difference Between an Incorporated Entity and a Limited Partnership?
An incorporated entity, such as a corporation, and a limited partnership are two business structures an individual can operate his business as. There are differences between the two structures, including how they are managed and taxed and how they protect owners from liability. A corporation requires more paperwork filings to open than a limited partnership. […]
Formation of a Limited Partnership in Canada
Each Canadian provinces has its own distinct legislation governing the formation of limited partnerships. We are able to assist clients with the formation of Limited Partnerships in all relevant Canadian provinces, including in Ontario, one of the most popular jurisdictions for the registration of limited partnerships in Canada. Under the applicable legislation in each province, […]
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 […]
