How to Set up a Company in Canada
Canada company formation involves several methodical steps. First, select a unique company name and perform a NUANS name search to ensure it's not already in use. Next, decide whether to incorporate federally through Corporations Canada or provincially through the relevant provincial or territorial registry, each offering distinct advantages. Prepare the necessary incorporation documents, including the Articles of Incorporation, which detail the company's structure, number of directors, and share structure. File these documents along with the required fees. Once approved, you'll receive a Certificate of Incorporation. After incorporation, register for a Business Number (BN) with the Canada Revenue Agency (CRA) and for Goods and Services Tax (GST)/Harmonized Sales Tax (HST) if applicable. Additionally, acquire any required business licenses and permits specific to your industry and location. Establish corporate bylaws and maintain accurate corporate records to ensure ongoing compliance with regulatory requirements. This structured process sets the foundation for your company's legal and operational framework in Canada.
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