Incorporate Company in Canada

Know how to incorporate in Canada with minimum cost

BUSINESS SETUP

Reva Mariam

8/20/20231 min read

Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's second-largest country by total area, with the world's longest coastline.

Incorporating a company in Canada is based on the state in which you wish to setup since the Company laws in Canada are based on the states and you can also choose setup company with Federal Registration.To register as a corporation, you will need to:

  1. incorporate your business (obtain your articles of incorporation) through federal incorporation or provincial/territorial incorporation

  2. get a federal business number and Corporation income tax account from the Canada Revenue Agency

  3. register as an extra-provincial or extra-territorial corporation in all other Canadian jurisdictions where you plan to do business

  4. apply for any permits and licences your business may need

In some cases, registration for these accounts is streamlined (in other words, you can sometimes get your business number, tax accounts, and provincial registrations as part of the incorporation process). However, this is not true for all provinces and territories. To get started with incorporation and registration for other accounts, choose one of the options below.

Company incorporation in Canada is a straightforward and efficient process. With its favorable business environment and strong economy, Canada offers numerous opportunities for entrepreneurs to establish their businesses. The first step is to choose a business name, which must be unique and not already registered. Next, the required documents, such as articles of incorporation and bylaws, need to be prepared and submitted to the appropriate provincial or federal government authority. The process also involves obtaining necessary permits and licenses, as well as registering for taxes, such as the Goods and Services Tax (GST) or Harmonized Sales Tax (HST).

Hiring a lawyer or a professional incorporation service can help navigate through the legal requirements and ensure a smooth incorporation process. Overall, company incorporation in Canada is a well-regulated and supportive process that enables businesses to thrive in a dynamic and prosperous market.

To know more on incorporating a Company in Canada, read our publication or contact us.

city view during nighttime photography
city view during nighttime photography