Step 1: Deciding how you want to name your corporation Before you begin the process of incorporation, you need to name your corporation. Every corporation must have a name; this is known as a corporate name. The name must be distinctive and it must not be misleading or likely to be confused with names used […]
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The wealth of Canada’s natural resources, its strong economy, and a stable government and banking environment makes Canada a sought-after nation for trade, investment and doing business. There are several legal business structures available to foreign entrepreneurs and businesses wishing to conduct business in Canada. The two most common ways in which global entrepreneurs register […]
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 […]
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 […]
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 […]