Corporations

Canada Incorporation Service

Canada Incorporation Service. New Low Incorporation fee: $49.99. We incorporate your new corporation federally or provincially in any province of Canada according to the provisions of federal and provincial Business Corporation Acts. Company Formations Canada provides fast and easy Canada Online Incorporation Service for only $49.99.

Please select your desired province of incorporation

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Why Incorporate in Canada?

Incorporation Canada. Incorporating is the best way to establish your business and to protect your assets. Some of the benefits of incorporating are:

No personal liability for the obligations and debts of the business

Unincorporated business (sole proprietorships and partnerships) are liable for the full extent on his or her personal assets for the liabilities of the business. To reduce this risk, companies are incorporated to limit the liability of the owners and protect their personal assets.

Take advantage of tax savings

If your business is not incorporated, you pay personal income tax on your business annual net earnings. Depending on your level of earnings, you may be paying personal income tax rates as high as 47% on net earnings in excess of $ 100.000 in a year. After paying your taxes, the amount of cash left over for living expenses and savings is greatly reduced.

Income Splitting

With a company, you can effectively “Split” your income. An individual with no other resources of income will be able to receive approximately $ 24.000 of Canadian dividends without being subject to tax. This is because of the dividend tax credit.

Expense Deductions

Operating your business through a company may allow you to increase expense allowances. i.e. Through corporation you can claim more liberal travel and entertainment expenses.

Some other benefits of incorporation are:

Ease of transferring ownership. Ownership (represented by shares of stock) can be readily transferred;

No shareholder, officer or director may be held liable for debts of the Corporation unless corporate law was breached;

Limited Liability – shareholders are not held accountable for corporation’s debt, obligations, or acts of the company over and above the amount paid or owed for the purchase of shares.

Unlimited life – the corporation does not cease to exist, unlike sole proprietorships or partnership, with the death of shareholders because it is a separate legal entity.

Access to capital- corporations can raise capital by issuing and selling new shares in the company or by issuing debt.

The corporate structure provides for a great deal of flexibility with respect to ax planning;
Tax advantages- lower tax rates

Our Canada Incorporation service for only $49.99 includes:

  • Receipt and review of your incorporation information.
  • If you choose to incorporated a named company, we conduct a Provincial or NUANS prescreen search of your proposed corporate name and advice you if there are any difficulties with your name.
  • Preparation and filing of Certificate of Incorporation.
  • Provincial-specific startup check list