Federal & Provincial
Incorporation - $99*
Incorporate in Ontario
Federal Incorporation
Incorporation takes 1 business day pending acceptance of your name
BC Incorporation
Incorporation takes 1 to 2 business days with expedited services
Ontario Incorporation
Incorporation takes 1 to 2 business hours
New Brunswick Inc.
Incorporation takes 2 to 5 business days
Manitoba Incorporation
Incorporation takes 1 to 2 business days with expedited services
What are the Benefits of incorporating a Company?
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A Corporation is a Separate Entity:
In Canada a corporation has the same rights and obligations as an individual. This means that a corporation can acquire assets, go into debt, enter into contracts, sue or be sued, etc.
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Protected Against Personal Liability:
When you incorporate a corporation you are protected against personal liability for your business debts and obligations. It means you would not be personally at risk if the corporation takes a loan and fails to pay it back to your bank. It provides you the freedom to take greater risks.
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Lower Income Tax Rate:
A corporation is taxed separately from its owners and generally at a lower tax rate.
Example - a corporation incorporated in Ontario pays 15.5% tax rate on the first $500,000 of taxable income.
A corporation is able to hold after tax income and invest it in different projects without triggering any tax obligations for its owners.
In comparison, a sole proprietorship conducting business in Ontario pays 40.16% income tax, when the taxable income exceeds $132,406.
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Continuous Existence:
A corporation does not cease to exist upon the death of its owners.
Ownership can be transferred to another individual and the corporation would continue to operate. Having a continuous existence gives the business greater stability in the future.
What is the liability of the owners of a corporation?
Shareholders are considered as owners of a company and are not liable for the company’s debts.
If the corporation goes bankrupt, a shareholder will not lose more than their investment, unless the shareholder has provided personal guarantees for the company’s debts. Also creditors cannot sue shareholders for liabilities incurred by the corporation, even though shareholders are owners of the corporation.
We are able to assist clients with incorporation of a company in the following jurisdictions: Federally and provincially in British Columbia, Manitoba, New Brunswick, and Ontario.