How to Set up a Corporation in Canada
                     How to Set up a Corporation in Canada?
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Incorporating your business in Canada involves a couple of steps, 
and if you're unsure how to go about it, here are some things you 
must keep in mind.
The first thing you should do is decide if you need to incorporate your 
business or not. Not all companies need to be incorporated. A self 
proprietorship might be right for you if you’re just starting out. The 
next thing is to decide if you need to incorporate your business 
provincially or federally.
Once this is done, you need to get a name for your corporation. To 
ensure other corporations do not take your business name, you need 
to research. Search on Google, social media handles, and domain 
names to ensure your business name is unique. You reserve that 
name.
The next step after getting a name is to submit the documents of 
articles of incorporation and the record of the first board of directors 
and registered office address. You need to consult a lawyer or a 
chartered accountant to get this done for you.
Incorporating provincially is much easier, and your business name 
will also be approved quickly. Suppose you incorporate your business 
federally; in that case, you'll have the advantage of running your 
business in any province or territory, but you should register in each 
province and also pay an extra-provincial fee.
If you plan to expand your business and set up an office in different 
provinces, you will have to register in each province and pay extra-
provincial fees for it. After this, you will be getting a business number 
and an income tax account issued by Canadian Revenue Agency.
Final Thoughts
Now that everything is set for your business, you shouldn't forget to 
make corporate minutes. You can do it on your own, from your 
accountant or lawyer. The last thing is to update your corporation in 
case of any license requirements as you move forward with your 
business.Professional business incorporation service providers 
can take care of all the documents required, check for any permits or 
licenses requirement, and set up an income tax account for your 
business. So, if you want someone to do the same for your business, 
contact us today.
You can reach us at:
3-100 Hanlan Road, Woodbridge, ON L4L 4V8
Phone: (647)724-4308
Email: [email protected]
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