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What is Canada Business Incorporation?

Canadian business incorporation is considered to be a legal entity that is separate from its owners and shareholders. Canadian businesses can be incorporated at the federal or the provincial level - and I'll go over the details on that further down. As most people would do the research and incorporate in the Province of Alberta, Ontario, British Columbia. However, in the Province of Alberta, Ontario the rule of Canadian citizenship or permanent residency applies. Hence, it’s also not a great idea to form an Ontario corporation or Alberta corporation if you do not have a person who is a Canadian citizen or permanent resident or you want to share your 25% profits with the Canadian citizen or permanent resident.

 

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  • Canadian account number.

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Step by Step Process for Canada Business Registry

Step 1: Chose a Name for your Business

Many e-commerce traders will already have a name for their online store or product. If not corpseed can search to see if that name is available as soon as possible. If you don't have a business yet, be careful in deciding on a business name - it'll be with you for a long time (hopefully).

Step 2: Obtain Business Number (BN) or a NEQ (Quebec only)

  • A business number (BN) is a nine digit account number that will identify your company to federal and provincial governments.
  • A NEQ (Quebec Enterprise Number) is required in case you're incorporating in Quebec.

Step 3: Decide to incorporate federally or provincially

The business owner has the choice to incorporate federally or provincially. Federal incorporation allows you to perform business under the same name in all provinces and territories, but the expenses will be at the higher end and a little more work to maintain the compliances.

Federal Incorporation in Canada

If you select federal incorporation you must go through the procedure of incorporation through Corporations Canada. (Corporations Canada administers the CBCA (Canada Business Corporations Act). There are offices in Vancouver, Ottawa, Montreal, and Toronto.)

In order to incorporate federally you must submit the following documents:

  • Articles of Incorporation
  • Registered Office Address
  • Name (The name you have chosen for your company

Provincial Incorporation in Canada

In case you choose provincial incorporation, one has to contact the correct Provincial Registrar. We offer incorporation services, both federal and provincial.

Step 4: Apply for GST/HST

If the expected turnover of your business is $30,000 or more per year, one has to register for a GST/HST account. Merchants with lesser revenue can volunteer register, this will benefit the business because once you have a GST/HST account you can get the taxes to refund you paid as a company.

Note: When making the decision to incorporate, it’s always wise to seek legal advice before coming to any conclusions. Mistakes can be very costly. You can contact our 24-hour customer care on 844 8444 985 hello@corpseed.com

 

The benefits of incorporating in Canada

The initial process for incorporating is the same no matter where you incorporate in Canada. Federal incorporation offers a company the right to function under its corporate name throughout Canada.

  • Rising funding can be easier: It is easy to raise Canadian investors funds and run operation in India, businesses can sell shares and equity to drive growth.
  • Raise your reliability and business-worthiness: Most of the businesses won’t enter into sales or contract agreements with un-incorporated businesses. In which case, incorporation business in Canada can improve your credibility and growth potential.

 

Conclusion

The provincial corporation requires to have a physical address in that province, do not have a registered physical address in BC, we’ll guide you through for physical address in BC (not PO Box), which is used as corporation’s registered address where the government sends documentation on time to time.

As we have the experience and the Knowledge, we will provide you with the step by step instructions for the process and get you the following

  • First Directors Resolution
  • Director Consent(s)
  • First Shareholders Resolution
  • Notice(s) of Issuance
  • Subscription for Shares
  • Securities Register
  • Directors Register
  • Officers Register
  • Shareholders Ledger
  • Bylaws

We’ll guide you through the process of incorporation with online tools as a CA consultancy firm for your smooth transition for your company in Canada.

Timeframe: It can take up to 4 weeks depending upon the number of requests are pending the Government office. So, contact us now without any further delay and initiate the process.

Remember, Setup business in Canada requires careful planning and the right advice. So take the time to study incorporation as part of your wider business goals

faq FAQ`s

At Corpseed, we are committed to offer our services to the entrepreneurs and businesses as a very cost-effective proposition. We believe that a customer is always right and the focus of any business activity should be to serve the customer with utmost loyalty. All our services come with SLAs (Service Level Agreements) for on-time service delivery and money back guarantee to ensure high level of customer satisfaction.

At Corpseed, our valued customers are always kept in the loop as far as service delivery timeline is concerned and we inform our customers every time a milestone is achieved during each stage of service request processing. But we also believe that we may come across a customer who is not satisfied with our efforts. For that we have a very responsive Customer Care Department which work 24x7 to attend to and solve customer complaints. We also have a money back guarantee for those, who want their service charges to be refunded.

At Corpseed, We believe it is our responsibility to protect our customer information from unauthorized access. We have put systems and processes in place to make sure that the customer information is safe with us during its storage and transfer between in house and third party servers. We continuously test our systems and processes for security breach and vulnerabilities are identified and fixed at a regular basis.

If a customer is not satisfied with the service we provided and if he contacts our customer care helpline and files a formal complaint within 15 days of service delivery date, Corpseed would refund the entire or partial amount of Professional Fee charged for that particular service.

If a customer is having issues with our service delivery process, he has various alternatives available at his disposal to register his grievance with us. He can either email his complaint at complaints@corpseed.com or he can call our 24x7 Customer Care Helpline. Also, any customer is always welcome to visit our office to lodge a complaint with the senior management.

A customer can buy our services directly from our online platform, for which he need to make online payment. Once he clicks on "Apply Now", a new window will open, a customer is required to submit the information in the respective fields and click "Make Payment". A unique ticket number will be auto generated, the customer need to quote this number as reference for any enquiry regarding his service request.

All the monetary transactions performed on Corpseed online platform are secured with SSL System Protocol. We encrypt the customer information such as credit card and bank account details, before these are transmitted anywhere. We adhere to PCI DSS for data security standards for payment processing.

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