Incorporation of Canada

Canadian tax regulations regard sole proprietorships as sources of income, and company owners are required to pay personal income tax on the company’s income; if the total income exceeds Canadian dollars $30,000, additional tax of GST/HST is required. Generally, a sole proprietorship needs to register in the province where the company is located, obtain a federal business number and tax account, and apply for any required permits and licenses. However, the requirements of each province are different, details can be referred to the website of the Industry Canada

partnership

A partnership is the way for two or more people to run a business together. The partners need to jointly bear the company’s debts and accounting responsibilities. They can negotiate the distribution of expenses, income, responsibilities, etc. separately, and pay personal income tax separately.
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Incorporation

Shareholders only need to bear limited liability for the company’s debt losses. However, the procedures for setting up a limited company are more complicated and involve a lot of legal and accounting matters after establishment.
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sole proprietorship

Canadian tax regulations regard sole proprietorships as sources of income, and company owners are required to pay personal income tax on the company’s income; if the total income exceeds Canadian dollars $30,000, additional tax of GST/HST is required. Generally, a sole proprietorship needs to register in the province where the company is located, obtain a federal business number and tax account, and apply for any required permits and licenses. However, the requirements of each province are different, details can be referred to the website of the Industry Canada

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Requirement of the incorporation of Canada
  1. Company name : Make sure the company name has not been applied for by another company
  2. Articles of Association
  3. Company address
  4. List of company directors : The full names and addresses of directors must be disclosed and whether they are Canadian residents.
Process of the Incorporation of Canada
  1. Apply for a company name online
  2. Draft Articles of Incorporation
  3. Submit company registered address
  4. Submit a list of company directors
  5. Apply for registration online and pay the required fees
  6. Apply to obtain a Business Number and corporate tax account from the Canada Revenue Agency
  7. If you need to operate business in other provinces or regions, you need to register as a legal entity outside the province.

Reference for Details

Source：Corporations Canada

Registry fees

資料來源 Source：Corporations Canada

What documents do I need to prepare for registration?

A copy of the ID card or passport of the shareholder or director

The Chinese and English name of the company or a single Chinese and English name

A copy of the legal secretary’s ID card, if the secretary is a company, a copy of the certificate of incorporation and the business registration certificate (the company can provide it)

Registered address of the company (available by the company)

Incorporation of Canada