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 […]
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How Can You Start a Business in Canada as a Non-Canadian?
Are you a non-Canadian who has an established business in your own country and would like to start a business in Canada? Or are you a non-Canadian who would like to open a company in Canada? Then this article is for you. Starting a Business in Canada When You Already Have a Business Expanding into […]
Incorporating a Limited Company in British Columbia
There are different ways to form a business in B.C., each with its own advantages and disadvantages. Companies can officially incorporate, or they can register as a sole proprietorship or a partnership. The decision to incorporate depends on the specific needs of the persons involved and the goals of the company. British Columbia Incorporation service […]
Capital Structure of Canadian Corporation
Considerable flexibility is permitted in the design of a corporation’s share structure under Canadian federal or provincial corporate statutes. For example, shares can be voting or nonvoting, they can have limited or unlimited participation in equity and they can be redeemable for a fixed price at the option of the corporation or the holder. Shares […]
Canada Federal or Provincial Incorporation
Corporations may be created in Canada under either federal or provincial legislation.Corporations may also be created under the laws of Canada’s three northern territories,which is less common. Accordingly, assuming a decision has been made to incorporate in Canada, a choice must then be made regarding the jurisdiction under which the entity should be incorporated. In […]
Differences between using a branch versus Subsidiary Corporation in Canada
If your company is looking to expand into Canada, there are options as to how you go about structuring your business. The two most common structures are to operate in Canada via a branch or to incorporate a Canadian subsidiary. A branch is not a separate legal entity, but is an extension under an already […]
Registering a New Corporation in Canada as a Non Canadian Resident
The most common form of legal entity for businesses is a corporation. Most foreign businesses operating in Canada adopt a corporate form. A corporation is a legal entity that is separate and distinct from the shareholders who contribute to the corporation’s capital.While there are exceptions, generally shareholders are not responsible for the debts, liabilities or […]
7 reasons why you should consider doing business in Canada.
The success of small businesses is an essential part of Canada’s economic growth. At the CFS, our goal is to provide all the support we can. We work closely with small businesses to help them setting up their businesses, improve services, reduce paperwork, reduce the cost and time of corporate compliance by offering a fast […]
Organizing Your corporation: Mandate of the Directors and Vacancy on the Board of Directors
The directors may be elected for terms of up to three years. The length of the mandate of the directors can be set out in the by-laws. If no term is stated, directors hold office until the next meeting of shareholders. Directors need not all be elected at the same time or for the same […]
Organizing Your Corporation: Who Can Be a Director?
A director must be:at least 18 years old; of sound mind (i.e. not a person a court has determined to be of unsound mind); an individual (a corporation cannot be a director); and not in bankrupt status. Ordinarily, at least 25 percent of the directors of a corporation must be resident Canadians. However, if a […]