Differences between an Ontario and Federal Corporation

Should be unique in order to be accepted by the government

Acceptable if no exact matches with existing names

Name is protected all across Canada

Name is protected in Ontario only

Can be located in any Canadian province, you just need to register your Federal Corporation extra provincially in that province

Can only be located in Ontario

$250

$360

$40

No annual filing fee

Any individual over the age of 18 may be appointed as a director. Twenty-Five percent of the directors must be Canadian residents.

Any individual over the age of 18 may be appointed as a director. There are no restrictions on the residency of a director.

Any individual over the age of 18 may be appointed as a officer. There is no restrictions on the residency.

Any individual over the age of 18 may be appointed as a officer. There is no restrictions on the residency.

May be a resident of any country and any age. Please note that if more than 50% of shares are owned by a non-resident there is a higher corporate income tax rate.

May be a resident of any country and any age. Please note that if more than 50% of shares are owned by a non-resident there is a higher corporate income tax rate.

Considered a Canadian legal entity

Considered a provincial legal entity

When you have international customers and would like to open offices, stores, warehouses, etc. in more than one province.

When you plan to have offices, stores, warehouses, etc. located in Ontario only