Company Formation in Canada: An Operational Corp., Ready for Business

A ready-made Canadian Corp. transferred to you with the essentials in place: a registered address in Toronto, help choosing a bank or EU fintech account and preparing the application, and accounting set up with our partner accountants. You can start working in Canada without waiting for a new registration.

A ready-made Corp. is already entered in the Ontario Business Registry, so there is no wait for a new registration in Canada. If you need a specific name, the company can be renamed after the transfer through a registry amendment.

Prices for a Canadian Corp. are quoted for your set-up: the number of shareholders and directors, the services you keep and your timeline. Tell us your plans and we send a detailed quote after a short, free assessment.

Not for an Ontario corporation: Ontario removed its resident Canadian director rule on 5 July 2021, so one director living anywhere is enough.

A federal corporation (under the Canada Business Corporations Act) still needs at least 25% resident Canadian directors, and at least one when it has fewer than four. That is why we set up non-resident founders in Ontario.

Both are Canadian companies. A federal corporation can use its name across Canada but needs a resident Canadian director, and it must also register in each province where it does business. An Ontario corporation needs no resident director and is incorporated and registered in one step, so it suits most foreign founders.

Yes. One shareholder is enough, and it can be an individual or a company from any country. The directors must be individuals. Corporations also keep a register of individuals with significant control (25% or more of the shares, or control in fact).

Yes. An Ontario corporation must always have its registered office in Ontario. Our packages include a registered address in Toronto.

Once its taxable supplies exceed CAD 30,000 over four consecutive calendar quarters; it can also register voluntarily. In Ontario the harmonised sales tax (HST) is 13%. Our accounting partners handle the registration and the returns.

The general rates are 15% federal and 11.5% in Ontario. The lower small business rate applies only to Canadian-controlled private corporations, so a company controlled by non-residents usually pays the general rates. The tax return (T2) is due within six months of the end of each tax year.

Yes. A corporation is the usual base for a Canada MSB: it registers with FINTRAC before it starts operating, with documents confirming the company, its ownership and its compliance officer. We can set up both together.

Yes. Our partner accountants handle bookkeeping, GST/HST and payroll returns and the annual report, with a fee that follows your volume, so your company stays compliant after formation.

Usually 1 to 2 weeks from the point we have received all required documents, including the signed power of attorney. That covers preparing and translating the documents, filing, and processing by the Ontario Business Registry (immediate when filed online).