Procedure for Company Incorporation in Canada

Amitdesai28 Nov, 2024Business

Incorporating a company in Canada involves several key steps, starting with name approval through a NUANS search to ensure the name is not already in use. Incorporation documents must be filed, which include information about the directors, shareholders, and corporate address. Federal incorporation allows businesses to operate across all provinces, while provincial incorporation limits operations to a specific region. Once incorporated, businesses must register for taxes, comply with labor laws, and maintain records of operations. Incorporation provides advantages like limited liability, credibility, and easier access to capital.