The siren song of entrepreneurship beckons many, promising freedom, financial independence, and the satisfaction of building something from the ground up. Yet, beneath the glittering surface lies a complex reality, fraught with challenges and uncertainties. To make informed decisions, aspiring entrepreneurs must carefully weigh the potential rewards against the risks. The Allure of Entrepreneurship The […]
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How to Register a Foreign Company in Canada
By CFS Canada Expanding your business into the Canadian market can be a lucrative venture. However, registering a foreign company in Canada involves several steps and considerations. This article will outline the key steps involved in this process. Understanding the Canadian Business Landscape Before diving into the registration process, it’s crucial to understand the Canadian […]
Canada GST/HST for property and services made in Canada
The Gst/HST applies only to supplies of property and services “made” in Canada. supplies of property and services that are made outside Canada are beyond the scope of the Gst/ HST. special deeming rules are contained in the legislation for purposes of determining when a supply is made inside or outside of Canada. Furthermore, certain […]
Canada Harmonized Sales Tax
Canada imposes a value-added tax known as the Goods and services tax (“GST”) on the supply of most property and services in Canada. Gst applies at a rate of 5% in all Canadian provinces and territories except for five provinces that have harmonized their provincial retail sales tax (Pst) with the Gst. Ontario is one […]
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 […]
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 […]
Doing Business in Canada: Branch or Subsidiary
One of the threshold issues for a foreign entity wishing to establish a business in Canada is whether that business should be carried on directly, as a branch of the foreign entity, or should be created as a separate Canadian business organization, such as a subsidiary corporation (with either limited liability or, in some provinces, […]
7 reasons to expand your US small business into Canada
Canada has just over 36 million people, most of whom speak English, are huge consumers of American goods, and even watch the same TV shows as their southern neighbors. Most consider the U.S. the country’s greatest ally. So with the new deal coming together, here are seven reasons to expand your small business into Canada. […]
Turning your idea into a successful business
There’s no doubt that successful businesses start with brilliant ideas. After all, in today’s fiercely competitive environment, innovation is the ammunition entrepreneurs need to stand out in the crowd. Many newcomers to the business world may assume that starting a new business is necessarily linked to an invention. And although this may play an important […]
