Ontario Incorporation
Limited liability, great planning opportunities and tax advantages are just a few reasons why a lot of people incorporate a business.
Ontario is the largest province in terms of the population, gets potential investors first consideration. While doing business in Ontario, one can pitch their business to circa 38% of the entire Canadian population. Most of the leading service sector businesses have bases in Ontario.
Ontario incorporation is relatively similar to Federal whereby the process starts with:
- NUANS. A potential investor can get either a numbered enterprise or named. Then it’s a matter of corporate structure, limited, private or not, abbreviation with a name like Ltd., Incorporation, Corp., etc.
- Head office address this is compulsory
- Legal names of directors
- Share structure
Once all these matters are formalized, then you go ahead with incorporation filling either manually or electronically.
Advantages of Ontario Incorporation
Apart from some of the same benefits as a federally incorporated company, Ontario has some specific benefits too.
- Transfer of shares: In Ontario, it is easy to transfer shares from one party to another.
- Attract more Investor: Ontario being the biggest province in Canada have much more opportunities than other provinces in Canada
- Tax rate: Except Alberta, Ontario has a lower sales tax rate among other big provinces.
We are one of the leading corporate and financial consultants, advising investors and businesses in setting up a company on the preferable jurisdiction within Canada.
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