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Register company in Canada

August 26, 2023

[av_section min_height=” min_height_pc=’25’ min_height_px=’500px’ shadow=’no-border-styling’ bottom_border=’no-border-styling’ bottom_border_diagonal_color=’#333333′ bottom_border_diagonal_direction=” bottom_border_style=” padding=’default’ custom_margin=’0px’ custom_margin_sync=’true’ av-desktop-custom_margin=” av-desktop-custom_margin_sync=’true’ av-medium-custom_margin=” av-medium-custom_margin_sync=’true’ av-small-custom_margin=” av-small-custom_margin_sync=’true’ av-mini-custom_margin=” av-mini-custom_margin_sync=’true’ svg_div_top=” svg_div_top_color=’#333333′ svg_div_top_width=’100′ svg_div_top_height=’50’ svg_div_top_max_height=’none’ svg_div_top_opacity=” svg_div_bottom=” svg_div_bottom_color=’#333333′ svg_div_bottom_width=’100′ svg_div_bottom_height=’50’ svg_div_bottom_max_height=’none’ svg_div_bottom_opacity=” fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” color=’main_color’ background=’bg_color’ custom_bg=” background_gradient_direction=’vertical’ background_gradient_color1=’#000000′ background_gradient_color2=’#ffffff’ background_gradient_color3=” src=’https://www.fionzaglobal.com/wp-content/uploads/2023/08/atlantis-resort-bahamas-1470×600-1-300×122.jpg’ attachment=’2070′ attachment_size=’medium’ attach=’scroll’ position=’top center’ repeat=’stretch’ video=” video_ratio=’16:9′ overlay_enable=’aviaTBoverlay_enable’ overlay_opacity=’0.5′ overlay_color=’#000000′ overlay_pattern=” overlay_custom_pattern=” custom_arrow_bg=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” fold_timer=” z_index_fold=” css_position_z_index=” av-desktop-css_position_z_index=” av-medium-css_position_z_index=” av-small-css_position_z_index=” av-mini-css_position_z_index=” id=” custom_class=” template_class=” aria_label=” av_element_hidden_in_editor=’0′ av_uid=’av-tqn7pd’ sc_version=’1.0′]
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“Fionza Consultants offers comprehensive support for clients seeking Canada Company Registration. Our services encompass Canada company formation, establishing Canadian corporate bank accounts, and providing Canada nominee director services. Fionza Consultants serves as your all-in-one solution to initiate and legally operate your business in Canada.”
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Company Registration – 3 Week
Local Director? – No
Bank Account Opening – 4 Weeks
Travel Required – No
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“Canada company registration becomes a hassle-free endeavor when you have a partner like Fionza Consultants guiding the way. We understand that your time and resources are precious, and that’s why we offer a streamlined approach to foreign company registration in Canada.

Our efficient team of experts is committed to ensuring a seamless experience throughout the entire process. Our ultimate aim is to have your Canadian company ready for operation within the stipulated time frame. Our comprehensive service package covers all your needs to establish and run your business in Canada, including:

Canada Company Registration
Local Company Secretary and Registered Address Services
Nominee Canada Director Services
Opening Local or International Corporate Bank Accounts
License Applications (if required)
Annual Accounting and Tax Services

Let Fionza Consultants be your trusted partner in achieving a successful entry into the Canadian business landscape.”
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[av_heading heading=’How long does it take to register a company in Canada?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llrtvcmc’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

[av_textblock fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” textblock_styling_align=” textblock_styling=” textblock_styling_gap=” textblock_styling_mobile=” size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” fold_timer=” z_index_fold=” id=” custom_class=” template_class=” av_uid=’av-llrtw0f2′ sc_version=’1.0′ admin_preview_bg=”]
“Fionza Consultants offers an expedited Canada company registration process, typically completed within just 2 weeks. Once we receive the necessary due diligence documents from the directors and shareholders, our team conducts a name availability search and prepares all the essential documents for incorporating your Canadian company.

The best part? You won’t need to travel overseas during this entire Canada company registration process.

After Fionza Consultants successfully registers your Canadian company, you can anticipate receiving key documents, including the certificate of formation, Memorandum and Articles of Association, as well as the register of directors and shareholders.

Within a mere 4 weeks from the company registration, we’ll also facilitate the opening of a corporate bank account with a trusted local or international bank.

With Fionza Consultants at your side, you can expect your company to be fully operational and ready for business in as little as 6 weeks from the moment you engage our services.

For those interested in a comprehensive guide to doing business in Canada, Fionza Consultants has prepared a step-by-step explanation of all the necessary steps involved.”
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[/av_one_full][av_one_full first min_height=” vertical_alignment=’av-align-top’ space=” row_boxshadow=” row_boxshadow_width=’10’ row_boxshadow_color=” custom_margin=” margin=’0px’ av-desktop-margin=” av-medium-margin=” av-small-margin=” av-mini-margin=” mobile_breaking=” mobile_column_order=” border=” border_style=’solid’ border_color=” radius=” min_col_height=” padding=” av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” svg_div_top=” svg_div_top_color=’#333333′ svg_div_top_width=’100′ svg_div_top_height=’50’ svg_div_top_max_height=’none’ svg_div_top_flip=” svg_div_top_invert=” svg_div_top_front=” svg_div_top_opacity=” svg_div_top_preview=” svg_div_bottom=” svg_div_bottom_color=’#333333′ svg_div_bottom_width=’100′ svg_div_bottom_height=’50’ svg_div_bottom_max_height=’none’ svg_div_bottom_flip=” svg_div_bottom_invert=” svg_div_bottom_front=” svg_div_bottom_opacity=” svg_div_bottom_preview=” fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” column_boxshadow=” column_boxshadow_width=’10’ column_boxshadow_color=” background=’bg_color’ background_color=” background_gradient_direction=’vertical’ background_gradient_color1=’#000000′ background_gradient_color2=’#ffffff’ background_gradient_color3=” src=” background_position=’top left’ background_repeat=’no-repeat’ highlight=” highlight_size=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” animation=” animation_duration=” animation_custom_bg_color=” animation_z_index_curtain=’100′ parallax_parallax=” parallax_parallax_speed=” av-desktop-parallax_parallax=” av-desktop-parallax_parallax_speed=” av-medium-parallax_parallax=” av-medium-parallax_parallax_speed=” av-small-parallax_parallax=” av-small-parallax_parallax_speed=” av-mini-parallax_parallax=” av-mini-parallax_parallax_speed=” fold_timer=” z_index_fold=” css_position=” css_position_location=” css_position_z_index=” av-desktop-css_position=” av-desktop-css_position_location=” av-desktop-css_position_z_index=” av-medium-css_position=” av-medium-css_position_location=” av-medium-css_position_z_index=” av-small-css_position=” av-small-css_position_location=” av-small-css_position_z_index=” av-mini-css_position=” av-mini-css_position_location=” av-mini-css_position_z_index=” link=” linktarget=” link_hover=” title_attr=” alt_attr=” mobile_display=” mobile_col_pos=’0′ id=” custom_class=” template_class=” aria_label=” av_uid=’av-ghtkqp’ sc_version=’1.0′]

[av_heading heading=’What is the difference between Provincial and Federal incorporation?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llrtz3pf’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

“When embarking on the journey of Canada company registration, one of the pivotal decisions you’ll face is choosing the jurisdiction of incorporation. In Canada, you have the option to incorporate either federally or within one of the 13 provincial/territorial jurisdictions. This choice can be a major turning point in your business setup process, and you may find yourself grappling with questions about the most suitable path forward. Thankfully, Fionza Consultants is here to provide expert guidance and answers to your queries, ensuring you make an informed decision.

Provincial Incorporation: Provincial incorporation involves registering your company with the government of a specific province or territory in Canada. This choice entails adherence to the laws, regulations, and provincial statutes of that particular region, including business registration protocols, tax codes, and corporate governance standards. Consequently, a provincially incorporated corporation is authorized to operate exclusively within the province or territory of its registration. This route is generally less complex and ideal for businesses focused solely on operating within a specific regional boundary.

Federal Incorporation: In contrast, federal incorporation entails registering your corporation with the federal government of Canada, subjecting it to the Canada Business Corporations Act (CBCA). The CBCA, a federal statute, prescribes the rules governing the incorporation, organization, and management of corporations across Canada. This choice grants your corporation the flexibility to operate and conduct business not only within Canada but also on an international scale. However, it necessitates compliance with federal laws, regulations, and any pertinent provincial legislation. While federal incorporation may be more intricate than its provincial counterpart, it can offer significant advantages, especially if your business aspires to operate nationally or globally and seeks access to broader capital markets.

In summary, the decision between provincial and federal incorporation for Canada company registration hinges on your business’s scope and objectives. Provincial incorporation is suitable for enterprises with localized operations, while federal incorporation is well-suited for businesses with aspirations for broader national or international reach. Fionza Consultants is here to assist you in making the choice that aligns with your unique business goals.”

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[av_heading heading=’How do I choose between a Federal and Provincial incorporation?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llru0n3e’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

[av_textblock fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” textblock_styling_align=” textblock_styling=” textblock_styling_gap=” textblock_styling_mobile=” size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” fold_timer=” z_index_fold=” id=” custom_class=” template_class=” av_uid=’av-llru12b5′ sc_version=’1.0′ admin_preview_bg=”]
“When deciding between federal and provincial incorporation for your business, several key factors come into play, each influencing your choice:

1. Scope of Business:

If your business intends to operate exclusively within a specific province or territory, provincial incorporation is often the preferred choice.
However, if you have ambitions to expand your operations across Canada or internationally, federal incorporation becomes the more suitable option.

2. Regulatory Requirements:

Different provinces and territories have unique sets of regulations and laws governing businesses, encompassing tax codes, business registration prerequisites, and corporate governance standards.
It’s crucial to assess the regulatory landscape in the province or territory where you plan to establish your business and ensure your readiness to comply with these requirements.

3. Corporate Structure:

Federal incorporation provides greater flexibility when it comes to designing your corporate structure and accommodating multiple shareholders.
If your business envisions a complex corporate framework or intends to involve numerous shareholders, federal incorporation may prove more advantageous.

4. Cost Considerations:

Cost is an essential factor. Federal incorporation typically involves both federal and provincial filing expenses, which can make it a costlier option compared to provincial incorporation. However, exceptions apply, such as in Ontario or Prince Edward Island, where federal incorporation may be cost-competitive.
It’s essential to weigh the overall cost of incorporation, including legal and administrative fees, along with your budget constraints.

5. Business Goals:

Assess your business goals and growth aspirations. Federal incorporation offers greater flexibility and visibility, making it a preferable choice if you plan to raise capital through public offerings, engage in mergers or acquisitions, or pursue other strategic transactions.

Ultimately, the decision between federal and provincial incorporation hinges on your specific business requirements and objectives. A thorough evaluation of these factors, with the guidance of Fionza Consultants, will enable you to make a well-informed decision tailored to your business’s unique needs.”
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[av_heading heading=’How are Canadian corporations regulated?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llrubrhd’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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“The Canada Business Corporations Act (CBCA) serves as the foundational legislation governing the establishment and management of Canadian Federal Corporations. It provides the corporate governance framework for a wide spectrum of businesses, including small and medium-sized enterprises, as well as some of the largest corporations operating in Canada.

The CBCA lays out clear and transparent guidelines for the formation of federally incorporated companies, delineating the responsibilities of management, the board of directors, and shareholders, while also ensuring financial accountability. This comprehensive and regularly updated set of corporate governance regulations within the Act equips federal corporations with the necessary tools to address emerging challenges in the capital markets, both in the present and the foreseeable future.”
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[av_heading heading=’Who regulates Corporations in Canada?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llruevfm’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

[av_textblock fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” textblock_styling_align=” textblock_styling=” textblock_styling_gap=” textblock_styling_mobile=” size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” font_color=” color=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” fold_timer=” z_index_fold=” id=” custom_class=” template_class=” av_uid=’av-llrufl1v’ sc_version=’1.0′ admin_preview_bg=”]
“Canadian corporations operate within a multifaceted regulatory landscape, overseen by various government entities at both federal and provincial levels. Here are some of the pivotal regulatory bodies that play key roles:

Federal Government:

The federal government, through the Canada Business Corporations Act (CBCA), governs corporations incorporated under this legislation. It ensures adherence to the CBCA and other federal laws, including tax and securities regulations.

Provincial Governments:

Each province in Canada maintains its own corporate legislation, specifying rules for incorporation, organization, and management of corporations within their jurisdiction. Provincial governments are also responsible for enforcing corporate governance and securities regulations at the provincial level.

Securities Commissions:

Regulatory bodies known as securities commissions oversee the securities markets across Canada. Their jurisdiction encompasses the issuance and trading of securities such as stocks, bonds, and mutual funds. Securities commissions also monitor and regulate activities like insider trading and market manipulation.

Competition Bureau:

The Competition Bureau, acting as an independent law enforcement agency, promotes competition and enforces the Competition Act. This legislation governs matters such as mergers, acquisitions, and business practices that could potentially impede competition within Canada.

Industry-Specific Regulators:

Certain industries, like banking, telecommunications, and energy, are subject to specialized federal or provincial agencies. These regulators oversee industry-specific legislation and ensure compliance with relevant laws and regulations by corporations operating within these sectors.

Corporate Governance Regulators:

Additional regulators, such as the Canadian Securities Administrators, the Toronto Stock Exchange, and the Canadian Investor Protection Fund, are tasked with supervising corporate governance and safeguarding investor interests in the Canadian context.

In summary, Canadian corporations operate in a dynamic and intricate regulatory environment. Adhering to pertinent laws and regulations is not only a legal requirement but also a fundamental aspect of achieving sustainable and successful business operations in Canada.”
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[av_heading heading=’How to register a company in Canada?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llrujc94′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Step 1: Selecting the Optimal Business Structure Before initiating the company formation process, it’s crucial to determine the most suitable business structure for your needs. Fionza Consultants will provide expert guidance on the ideal business entity for you. In Canada, corporations are the most common choice, offering limited liability. Based on your business’s scope and objectives, Fionza Consultants will recommend either Federal Incorporation or Provincial Incorporation.

Step 2: Company Name Reservation Depending on your choice between Federal or Provincial Incorporation, Fionza Consultants will conduct a thorough search and secure pre-approval for your company’s name using the Newly Upgraded Automated Name Search report (NUANS name search report) or a provincial name search report. The pre-approval for your corporate name remains valid for 90 days from the date on the NUANS name search report.

Step 3: Document Preparation and Submission for Canadian Company Registration Once you have received pre-approval for your company’s name, the next step involves preparing the necessary documents for incorporating the company with foreign directors. This includes completing application forms, providing notarized passport copies, and furnishing proof of address for individual directors and shareholders. Fionza Consultants will also draft the Articles of Incorporation and other pertinent corporate documents tailored to your business activity and corporate structure.

If your intention is to appoint a corporate shareholder, Fionza Consultants will require documents such as the Certificate of Incorporation, Memorandum & Articles of Association, minutes from relevant Board of Directors’ meetings, power of attorney for appointing corporate shareholders’ representative, directors’ personal information, and other pertinent records. Fionza Consultants will then submit these documents to the relevant local authorities in Corporations Canada and register with the appropriate authorities in the Canadian province or territory where your company will be established.

Step 4: Establishing a Corporate Bank Account Once your company has been successfully incorporated, you can proceed with opening a corporate bank account. Fionza Consultants will offer assistance in setting up a corporate bank account with a reputable Canadian bank.

Step 5: Obtaining a Business Number and Necessary Licenses The next crucial step is acquiring a Business Number with Fionza Consultants’ support. This is a requirement outlined by the Canada Revenue Agency for various purposes, including taxation on export and import duties, Goods and Service Tax, Harmonized Sales Tax, income tax, and payroll deductions. Depending on your business type and location, you may also need permits or licenses, and Fionza Consultants will help facilitate the application process for these.

Step 6: Tax Registration Following the successful acquisition of the Business Number and essential licenses, Fionza Consultants will initiate the application for a corporation income tax account with the Canada Revenue Agency. All Canadian companies have tax and accounting obligations. Typically, Canadian companies are subject to a net tax rate of 15%, with two different corporate tax rates based on your business’s location. The lower rate applies to income eligible for the federal small business deduction, while the higher rate is applicable to all other forms of income. Compliance also entails submitting annual financial statements audited by a certified public accountant.
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[av_heading heading=’Types of companies in Canada’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llrusn5r’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

When embarking on Canada company registration, you’ll encounter various types of companies to choose from, each with its unique features and considerations. At Fionza Consultants, we prioritize understanding your business before recommending the optimal business entity in Canada. Our guidance takes into account factors such as liability protection, tax implications, ownership flexibility, management options, and compliance requirements.

Corporation (Limited Liability Company)

A Canadian corporation is a separate legal entity with properties akin to a limited liability company. It can engage in contracts and own assets independently, distinct from its owners. Many foreign investors prefer this structure when conducting business in Canada. By registering a corporation, you shield yourself from personal liability in case of business debts or obligations. Corporations also have easier access to capital.

For Canada-incorporated corporations, tax obligations include filing a T2 corporation income tax return and making periodic tax payments. GST or HST returns are also required. All Canadian corporations must maintain a registered office address and a board of directors. A notable requirement is that at least 25% of directors should be Canadian residents. Ownership restrictions may apply in certain sectors, necessitating a majority of resident Canadian directors.

There are two types of incorporation: Federal and Provincial/Territorial. Federal incorporation follows Canada’s constitution, while Provincial incorporation adheres to provincial law. Federal registration offers broader business coverage and legal name protection, but it may involve higher annual fees due to stringent filing requirements and additional licenses.

General Partnership

General partnerships are shared between multiple partners, with the law considering partners and the business as one entity. In winding-up, general partners can be personally liable for all business debts. There is no minimum capital requirement, and even verbal agreements can form a partnership. Partners report their share of income on personal, corporate, or tax returns, as partnerships are not distinct tax entities. GST or HST registration may apply.

Limited Partnership

Limited partnerships combine elements of limited liability companies and general partnerships. General partners manage the business and bear unlimited liability, while limited partners don’t manage and are only liable up to their investment. No minimum capital is required, and income is reported on individual or corporate returns. GST or HST registration may be necessary.

Co-operative

Under the Canada Cooperatives Act, co-operatives are formed to address common needs, owned by both product users and non-users. Typically, at least three individuals are required, with a quarter being Canadian residents. If only three members exist, one should be a Canadian resident. Investment shareholders should not exceed 20%. Surplus can be distributed at the AGM.

Sole Proprietorship

Sole Proprietorship is the simplest structure, with no separation between the owner and the business entity. The owner is personally liable for all business debts in case of closure. Transfer of the business is not permitted. Business income is reported on a T1 income tax return. While ideal for easy startup and control, it lacks continuity.

Most Sole Proprietorships must register with provinces and territories, but some exemptions apply, such as in Newfoundland and Labrador. If operating under your personal name, registration may not be necessary. Sole Proprietorship suits small businesses like minimarts, art studios, and bakeries.

Choosing the right business structure is crucial for Canada company registration, and Fionza Consultants provides expert guidance to align your choice with your unique business needs and goals.
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[av_heading heading=’Reasons to consider for company registration in Canada’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llruu2t3′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

Before proceeding with the registration of your Canadian company, it’s vital to grasp the business environment in the jurisdiction. This knowledge ensures that your newly established entity can operate legally and effectively, aligning with your long-term business objectives.

Political Environment

Canada ranks 12th in Transparency International’s Corruption Perceptions Index, signifying a relatively low level of public sector corruption.
Strong bilateral relations between the United States and Canada have led to numerous agreements and partnerships.
Recent elections in 2019 saw challenges in addressing climate and housing crises, reflecting the evolving political landscape.

Economic Landscape

Canada boasts the world’s tenth-largest economy by GDP and is the fourth-largest oil exporter, featuring a robust energy extraction sector.
Well-developed manufacturing and service sectors, along with close ties to the US economy, enhance Canada’s economic prowess.
The World Bank’s Doing Business Report ranks Canada 23rd for ease of doing business, offering a favorable business environment.
Canada has multiple income tax treaties that can provide economic relief to businesses.
In 2020, the pandemic and an oil shock contributed to a significant economic downturn, with a reported contraction of 3.8%.

Social Factors

Canada’s Official Languages Act grants official federal status to both English and French, with 86.2% of Canadians proficient in English.
The Proceeds of Crime (Money Laundering) and Terrorist Financing Act underscores Canada’s commitment to combating criminal and terrorist groups.
According to Statistics Canada, the national poverty rate decreased to 8.7% in 2018, indicating improving social conditions.

Technological Landscape

A vast majority of Canadians under 45 use the internet daily, making Canada a hub for digital natives.
Canada is home to 2.98% of developers, ranking it as the “sixth most represented” in the 2019 Developer Survey.
The country hosts tech giants like Google’s Sidewalk Labs, Uber, and Microsoft, highlighting its thriving tech scene.

Legal Framework

Federal and provincial privacy protection legislation safeguards Canadian businesses and organizations, imposing strict rules and penalties on information collection, use, and disclosure.
Canada’s taxation system relies on self-assessment by taxpayers, holding them accountable for reporting income and determining tax payable.
Businesses generally pay a corporate tax rate of 15% on net income, with a reduced rate of 9% for Canadian Controlled Companies eligible for Small Business Deductions.
Canada’s insolvency laws allow businesses to undergo “recovery” even after filing for insolvency, such as filing a Proposal with creditors.

Environmental Considerations

Canada has well-crafted legislation employing permits to control pollutant discharge into the environment, prioritizing environmental protection.
The Impact Assessment Act grants communities greater participation rights in projects affecting them, enhancing environmental safeguards.
While benefiting from its oil and gas industry, Canada also faces environmental challenges like climate change, necessitating ongoing attention.

Understanding these facets of the Canadian business landscape is essential for informed and successful company registration in Canada. Fionza Consultants can guide you through this process, ensuring your business aligns with the prevailing conditions and regulations.
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[av_heading heading=’Looking to register company in Canada?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llruwzra’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Contact us to find out more about how to register company in the Canada. Our team of experts will revert within the next 24 hours.
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[av_heading heading=’FAQ’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-2hjfcx’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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[av_toggle title=’Can a foreigner register a company in Canada?’ tags=” custom_id=” av_uid=’av-llruxsak’ sc_version=’1.0′]

Yes, a foreigner can register a company in Canada but the requirements for a company registration in Canada for non-residents are stricter compared to that of other countries and jurisdictions. At least 25% of the Board of Director must comprise of resident Canadians. If the corporation has less than four directors, then at least one of the directors must be a resident Canadian. You will also have to submit additional documents such as a visa permit and a tax registration certificate if you are a foreigner.

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[av_toggle title=’How many directors and shareholders are necessary for company incorporation in Canada?’ tags=” custom_id=” av_uid=’av-llruy8af’ sc_version=’1.0′]

There needs to be at least 1 director and 1 shareholder to incorporate a company in Canada. The shareholder and the director can be the same person. However, there must be at least 1 resident director in the company. If the company has more than 4 directors, at least one-quarter of the directors in the company must be a Canadian resident.

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[av_toggle title=’What are the differences between Federal Incorporation and Provincial/Territory Incorporation?’ tags=” custom_id=” av_uid=’av-llruysfl’ sc_version=’1.0′]

A Federal Corporation is administered under the constitution of Canada while a Provincial Corporation is administered under the local provincial law based on the province it is registered in. A Federal Corporation can carry out business activities throughout Canada and enjoy higher foreign recognition and greater legal protection of its business name. However, a Federal Corporation may need to apply for extra-provincial licenses if it wishes to conduct business activities in certain provinces.

To register a Federal Corporation, you will need to register two times: once with the federal government and another with the province in which your corporation is situated in. The registration cost for a Federal Corporation is usually lower than a Provincial Corporation.

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[av_toggle title=’How do I verify a company in Canada?’ tags=” custom_id=” av_uid=’av-llruzen7′ sc_version=’1.0′]

There are two ways you can verify a company in Canada.

The first way is through the Nuans name search report or a provincial name search report. The Nuans name search report provides you with a list of existing trade names in Canada and some provinces while the provincial name search report provides you with a list of trade names in specific provinces. You can verify the existence of a company through this name search report and apply for your trade name after you have confirmed that your trade name is unique. The cost of this name search report will vary depending on the jurisdiction you are applying from.

Alternatively, you can also choose to conduct a name search during your online incorporation process if you are applying for a Federal Corporation. An additional fee of $13.80 will be charged for using this function.

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[av_toggle title=’How much does Canada company registration cost?’ tags=” custom_id=” av_uid=’av-llrv010i’ sc_version=’1.0′]

The engagement fee depends on the services you require from Fionza Consultants. Prior to each engagement, our team will fully understand your business needs and inform you of the exact services you require.

Fionza Consultants’ fees include government fees such as business name reservation charges, company registration fees and tax registration costs.

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[av_toggle title=’Can I use virtual office for company registration in Canada?’ tags=” custom_id=” av_uid=’av-llrv0m31′ sc_version=’1.0′]

Yes, you can use a virtual office for company registration in Canada. When you register for a virtual office, you will receive a registered business address in Canada which you can use to register your company. Any telephone calls or mail received will be directed to this registered address.

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[av_toggle title=’What is the difference between BIN & BN numbers?’ tags=” custom_id=” av_uid=’av-llrv2a4c’ sc_version=’1.0′]

A BIN number is a business identification number issued by the Province of Ontario to identify business accounts in the Ontario province while a BN number is a business number issued by Revenue Canada to all corporations in Canada for the filing and payment of taxes.

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[av_toggle title=’Can you backdate company registration?’ tags=” custom_id=” av_uid=’av-llrv2pkq’ sc_version=’1.0′]

A Canadian company is not allowed to backdate its company registration. Only charities are allowed to backdate their registration dates if they file with the Charities Directorate all information returns (Form T3010) that are due before the registration of the charity.

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[av_toggle title=’What business is best in Canada?’ tags=” custom_id=” av_uid=’av-llrv38k4′ sc_version=’1.0′]

Some of the more profitable business opportunities in Canada include financial services, transportation and warehousing, and retail services.

The financial sector in Canada employs the greatest number of people and is one of the most profitable industry in Canada. However, the oligopoly of banks in Canada makes it difficult for new firms entering the banking business in Canada. Hence, it may be more prudent to provide financial services such as accounting, bookkeeping and financial consulting.

Transportation and warehousing services are commonly provided by many Small and Medium-sized Enterprises in Canada and they are relatively profitable because of the huge US market located right next to Canada.

Online retail sales have shown a sharp increase in recent years, hence it may be profitable to set up a business in the e-commerce industry or open a retail shop that provides online services in Canada.

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[av_toggle title=’How do I protect my business name in Canada?’ tags=” custom_id=” av_uid=’av-llrv3smi’ sc_version=’1.0′]

To protect your business name in Canada, you can choose to register your business name as your company’s trademark. Doing so will provide you with exclusive rights to the business name for a minimum of 15 years. In other words, other companies will not be able to register an identical or similar business name during this period. The trademark can be renewed indefinitely.

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[av_toggle title=’Do I need to register my business with Canada Revenue Agency (CRA)?’ tags=” custom_id=” av_uid=’av-llrv4bh5′ sc_version=’1.0′]

Yes, you will need to register for a Canada Revenue Agency (CRA) program account to pay corporate, sales and other taxes. A CRA program account will also provide your company with a Business Number (BN) which is necessary for your company to access federal, provincial, and municipal government platforms in Canada.

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[av_toggle title=’Do I need to register my online business in Canada?’ tags=” custom_id=” av_uid=’av-llrv4jed’ sc_version=’1.0′]

Yes, you will need to register your online business in Canada even if all business activities are conducted online. This means that you will need to go through the standard process to register a company through the Canadian government website or the registry of a particular province.

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Register company in Canada

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