Incorporation
A Five-Step Process
Step 1: Name your corporation
Step 2: Create your articles of incorporation
Step 3: Establish the initial registered office address and first board of directors
Step 4: File information on your individuals with significant control
Step 5: Submit and pay the fee.
Incorporation
- Federal corporation
- Ontario corporation
- Master Business License
- Trade Name
- WSIB
CRA Accounts Registration
- Payroll Account
- GST/HST Account
- PST Account
- Import Account
- Export Account
- Business Number
Corporation Annual Return
- Federal corporation annual return
- Ontario corporation annual return
- Ontario Initial Returns
Corporation Dissolve
What’s different between federal and Ontario company?
The federal government incorporates companies through Corporations Canada and the Ontario government incorporates companies through the Ministry of Government Services.
What’s different between Inc., Ltd., Corp.?
From a legal perspective in Ontario, there is no difference.
What’s different between shareholder, director and officer?
Shareholders own the company (receive dividends or build equity if things go well), the shareholders elect the directors to manage the business and affairs of the company (the people who sit around the board room table discussing the bigger picture), and the directors in turn appoint officers to run the day to day business (the people on the street carrying out the marching orders).
Why is Ontario company more expansive than federal company?
The government filing fee for an Ontario company is $100 more than for a federal company.