Canada offers a stable economy, a skilled workforce, and a welcoming environment for immigrants. It's a great place to launch a North American business.
Types of Companies
Corporation: The standard business structure. You can incorporate federally (Canada-wide) or provincially (e.g., Ontario, BC).
Documents Required
- Articles of Incorporation: The main legal document.
- NUANS Report: Name search report.
- Director Information: IDs and addresses (25% resident director requirement applies federally, but some provinces like BC have no residency requirement).
The Process
1. Choose Jurisdiction: Federal vs Provincial.
2. Name Search: Get a NUANS report.
3. File Articles: Submit to Corporations Canada or provincial registry.
4. Get Business Number: From the CRA.
5. Register for GST/HST: If revenue exceeds $30k.