Business Incorporation
We incorporate businesses in Canada quickly and cost-effectively. Our service provides a full set of legal documents, including Articles of Incorporation, corporate minute book, bylaws, and share certificates, ensuring your company is set up properly from day one.
Key Highlights
Who This Service Is For
- Entrepreneurs looking to incorporate a business in Canada.
- Small and medium-sized businesses planning for growth and tax optimization.
- Professionals, including doctors, lawyers, and accountants, interested in incorporating a professional corporation.
- Individuals seeking creditor protection and asset safeguarding for their business.
Benefits
- Quick and cost-effective incorporation process, with no hidden government fees.
- Tax-saving strategies, such as income splitting with family members and estate freezes.
- Full creditor protection through the creation of holding companies.
- Ability to protect your personal assets by incorporating a separate legal entity.
Deliverables
- Comprehensive incorporation package, including corporate documents and registrations.
- Registration with Canada Revenue Agency (CRA) for GST/PST/HST and other necessary tax obligations.
- Custom-designed share classes for flexibility in income splitting and dividend distribution.
- Ongoing support to ensure compliance with corporate governance requirements.
Explore Our Incorporation Services
- Business Incorporation in Canada: We incorporate businesses in Canada quickly and cost-effectively. Our service provides a full set of legal documents, including Articles of Incorporation, corporate minute book, bylaws, and share certificates, ensuring your company is set up properly from day one.
- CRA Business Number & Tax Registrations: We register your corporation with the Canada Revenue Agency, obtaining your Federal Business Number, GST/HST/PST account, payroll account, and import/export number. This ensures your company is compliant with tax and regulatory obligations.
- Customized Share Structure & Income Splitting: We design share classes that allow for income splitting with family members, future estate planning, and the flexibility to add investors. This structure reduces your overall family tax burden and provides long-term tax planning opportunities.
- NUANS Name Search & Corporate Records: We conduct a NUANS report to confirm your proposed business name is available and prepare essential records, including the directors’ register, shareholders’ ledger, and securities register. These official documents keep your corporation compliant and well-documented.
- Creditor Protection & Holding Companies: We help protect your corporation’s assets from potential creditors by setting up holding companies where appropriate, giving you an added layer of legal and financial security.
- Corporate Minute Book & Seal: We provide a corporate minute book to officially record material company transactions and issue a corporate seal to authenticate important documents, giving your business a complete legal foundation.
Frequently Asked Questions
What’s Madan CPA’s fee to incorporate a business in Ontario, BC, and Canada?
Our fee starts at $918 plus tax, which includes a comprehensive Incorporation Package covering all necessary items. Importantly, all government fees are included in this amount so you won’t incur any additional charges.
How long does it take to incorporate?
We typically require 5 to 10 business days to incorporate a business in Ontario and prepare a corporate minute book that contains all relevant documents for your new corporation.
What is a holding company, and do I need one?
A holding company is a corporation that owns shares of another company, often called an operating business or subsidiary corporation. Its primary objective is to protect the retained earnings and valuable assets of the businesses it owns. If safeguarding your company’s cash and assets is a priority, establishing a holding company is a prudent decision. Consult with the tax professionals at MadanCPA to incorporate a business in BC, including a holding company.
Can I pay dividends to family members?
Yes, dividends can be paid to family members who are shareholders. However, the dividends paid must be reasonable for the work performed by the family member within the business. Additionally, the family member should be actively working at least 20 hours per week to qualify for dividend payments.
Learn More About Business Incorporation
Read
5 Key Factors in Choosing a Business Structure
Starting a business is an exciting venture that gives you freedom over your schedule, the opportunity to profit from your […]
Watch
Download
Doing Business in the U.S. for Canadian Companies
Chapter 1: Introduction The United States is the world’s largest economy and most dynamic consumer market, making it an attractive […]
Easy-To-Use Checklists & Guides
Corporate Tax Return (T2) Checklist
Corporate Tax Planning Checklist
Corporate Tax Process Checklist
File Your T4 T5
Incorporation Checklist
Prepare Your Own Tax Return
RC1 – Request for Business Number
Registering for GST & QST Checklist
T4/T5 Information Return Checklist
Treaty-Based Tax Return Checklist