British Columbia Subsidiary Registration for Foreign Companies
The second option for a foreign entity seeking to do business in Canada is to establish a Canadian Subsidiary Corporation. Canadian tax liability with respect to corporations is based on residence. Corporations resident in Canada are subject to Canadian income tax on their worldwide income. A corporation is deemed to be a Canadian resident if it was incorporated in Canada after April 26, 1965 or if it was incorporated in Canada prior to that date and at any time after that date it carried on business in Canada. However, a corporation incorporated outside Canada may also be considered resident in Canada if its central management and control is in Canada.
A Canadian Subsidiary Corporation would be subject to tax on its worldwide income at regular corporate rates under Part I of the Income Tax Act.
Meaning
A subsidiary company is understood as the company whose full or partial controlling interest is held by another company.
Reports to:
Holding company
Business:
A subsidiary may or may not conduct the same business as parent organization.
Separate legal standing:
Yes
Accounts maintenance:
Separately
Ownership Interest
The parent organization has >50-100% ownership interest in the subsidiary.
Liabilities:
Limited to the subsidiary.
Fast & Easy British Columbia Subsidiary Company Registration for Foreign Companies
Company Formations provides fast and easy Subsidiary Company Registration in British Columbia for foreign companies interested in doing business in British Columbia.
British Columbia Subsidiary Company Registration Fees:
$2200 (All-Inclusive)
Our British Columbia Subsidiary Company Registration Service includes:
Name Search Report
Preparation of Articles of Incorporation and Incorporation Documents
Incorporation Agreement
By-Laws, Company Minute Book, Share Certificates
Canada Registered Agent Service for 1 year
Government Fees
Our Service Fees
Original Certificates
Copy of Documents in PDF
Taxes
For more information about our British Columbia Subsidiary Company registration service, please contact us using the form below:
