Every Ontario corporation shall be assigned a number by the Director and such number shall be specified as the corporation number in the certificate of incorporation and in any other certificate relating to the corporation endorsed or issued by the Director. Ontario Online Incorporation Service in 2 Hours for Only $99 Ontario Incorporation in 2 […]
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RSS feed for this sectionCertificate of incorporation for Ontario Corporations
An incorporator shall send to the Director articles of incorporation and, upon receipt of the articles, the Director shall endorse thereon, in accordance with section 273, a certificate which shall constitute the certificate of incorporation. A certificate of incorporation is conclusive proof that the corporation has been incorporated under the Ontario Business Corporation Act on the […]
Director’s consent for Ontario Corporations
The Ontario corporation shall keep at its registered office address the consent, in the prescribed form, to act as a first director, (a) of each individual who is named in the articles as a first director and who is not an incorporator; and (b) of each individual who is named in the articles as a […]
Incorporation of an Ontario Corporation
An Ontario corporation may be incorporated under the Ontario Business Corporation Act with its powers restricted by its articles to lending and investing money on mortgage of real estate or otherwise, or with its powers restricted by its articles to accepting and executing the office of liquidator, receiver, assignee, trustee in bankruptcy or trustee for […]
Ontario Municipal Taxation
Municipal taxation in Ontario generally takes the form of real property taxation. Ontario municipalities do not impose sales taxes or income taxes. real property taxes are not imposed by the federal government. Municipalities levy and collect property taxes based on assessed values determined by the Municipal Property Assessment Corporation. Municipalities may also levy development charges […]
Ontario Sales Taxes
All Canadian provinces have some form of general or limited sales tax, such as sales taxes, use taxes, value-added taxes, or specific sectoral taxes on fuel, tobacco, or hotel and accommodation taxes. Prior to the implementation of the HST, the Ontario retail sales tax (“RST”) formerly applied at a rate of 8% to most sales, […]
Ontario Rates of Taxation
Ontario Tax Rate for Individuals Under both federal and Ontario legislation, marginal tax rates apply to individuals. For 2012, the combined federal and Ontario top marginal rate for individuals is 46.41% for ordinary income (such as salary and interest), 23.2% for capital gains and approximately 29.54% for eligible dividends. In the Ontario budget, released March […]
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 […]
Ontario limited partnership declaration
Limited Partnerships are formed in Ontario by filing the Declaration of Ontario Limited Partnership Registration – Form 3 under the Ontario Limited Partnerships Act. Completing the Ontario Limited Partnership Application Firm Name – Please print the firm name of the limited partnership. The firm name must be set out in BLOCK CAPITAL LETTERS in the […]
