A non-resident corporation carrying on business in Canada through a Canadian branch is liable for income tax on its Canadian-source business income at the same rates that apply to Canadian residents.
In addition to federal and provincial income taxes, a non-resident corporation (NRC) carrying on business in Canada will be subject to the so-called “branch profits tax” which is intended to approximate the withholding tax that would have been paid on taxable dividends from a Canadian resident subsidiary if the non-resident corporation had incorporated a Canadian subsidiary to carry on business in Canada, rather than using a branch. Under the Income Tax Act, the branch profits tax is generally levied at a rate of 25% (which may be reduced under certain tax treaties) on the profits of the branch, after Canadian taxes and an allowance for investment in Canada.
Register Today Your Foreign Company in Canada as a Branch
Company formations offer fast & easy Canada company registration for foreign companies wishing to operate an do business in Canada. The total fees for the registration of a branch in Canada are $2200 CAD.
Information and documents needed:
The information and documents required to register a foreign company in Canada as a branch are:
- Company name
- Company Address
- Jurisdiction of Incorporation
- Date of Incorporation
- Names and addresses of the directors of the corporation
- Copy of the certificate of incorporation
- Copy of the articles of incorporation
- Certificate of Good Standing
Branch registration Fees
The total fees for the registration of a branch in Canada are $2200 CAD
What our Canada Branch Registration Service Includes:
- Provincial name search report or NUANS Report request
- Preparation of the extra-provincial registration application
- Provincial Registered agent service for 1 year
- Filing of your extra-provincial registration application
- Government fees