The requirements related to starting a business in Canada can depend on the type of structure chosen, the province or territory it will operate and whether it is a resident or non-resident company. Based on these aspects, the business owner will also know if there are any special licensing requirements. The extra-provincial corporation is one…
The incorporation of a company in Canada implies several steps and respecting various laws. One of the most interesting facts about starting a business in Canada is that a company can be registered at a federal, or provincial or territorial level. This can lead to obtaining various licenses, among which the extra-provincial permit. The extra-provincial license falls…
Canada is one of the largest countries in the world which is why it attracts a significant number of investors on an annual basis. However, the size of a country is not sufficient for choosing a country for starting a business and this is also the case of Canada. When it comes…
Starting a business in Canada implies following several steps, among which some are mandatory, while others are not. Obtaining a business number (BN) can become mandatory for companies in certain industries, while for others it needs not to be obtained. The business number is also known as the tax ID number of a company. Below, we have prepared…
After starting a company in Canada, the shareholders and the directors are required to comply with various requirements related to the accounting of the business. Among these, the preparation of the financial documents, their approval and the filing with the competent authorities. It is important to know that the accounting requirementsimposed on companies in Canada depend…
Setting up a business in Canada takes several steps, among which the first ones imply appointing company officers. The Company Law contains various provisions on the officers who need to be appointed when opening a company in Canada. Among the most important officers in a Canadian company are the shareholders and the directors, however, depending on the…
The steps for opening a company in Canadaare given by the regulations of the Company Law. Once the type of structure to be used is established, the shareholders must also decide who the company managers or directors will be before starting the incorporation procedure. When appointing directors in Canada, investors will have to respect a…
All companies registered in Canada, no matter the business form, are required to comply with various requirements, among which filing their annual tax returns. There are several aspects to consider when meeting the annual tax returns for Canadian businesses, as these depend on the structure of the company, whether it is registered at a federal or provincial…
Those who set up companies in Canada have many benefits, among them government grants being some of the most important. Just as important is to know that it does not matter if the company was registered by a resident or non-resident of Canada, as long as the company has a legal address here. There…
One of the most important aspects to consider when starting a business in Canada refers to taxation. Companies are subject to taxation based on various criteria, which is why foreign investors opening businesses here can be confused sometimes. When it comes to taxation, there are several aspects to consider when registering a business in Canada, among them the…
