How do I start a federal corporation in Canada?
To register as a corporation, you will need to:
- incorporate your business (obtain your articles of incorporation) through federal incorporation or provincial/territorial incorporation.
- get a federal business number and Corporation income tax account from the Canada Revenue Agency.
Is it better to incorporate federally or provincially?
When a business is incorporated at a federal level, it receives greater name protection, but also requires stricter name selection. You will also need to extra-provincially register your corporation for each province that you do business in.
What is a federal corporation Canada?
Federal incorporation of your business means that you will be able to do business all across Canada under the same business name, even if some other company is already using a similar name in some province or territory. This is not the case with provincial incorporation.
How do I register a federal corporation in Alberta?
How to apply
- Get an Alberta NUANS Report. You need to get an Alberta NUANS report and review it to make sure there are no corporations with identical names or names that are too similar to the name of your out-of-province corporation.
- Appoint an agent for service in Alberta.
- Gather supporting documents.
What is the difference between incorporated and corporation?
A: A “corporation” is the business entity itself. “Incorporation” is the act of starting a corporate business entity. This means they have filed their corporate charter, the founding document, with the state of incorporation. They have tiers of ownership and management that are defined by statute.
Is it better to incorporate or sole proprietor?
One of the main advantages of incorporation is limited liability. A sole proprietor assumes all of the liability for their company. As an incorporated contractor, you a shareholder in a corporation and you are not responsible for the debts of the corporation unless you have given a personal guarantee.
What is difference between federal and provincial?
The federal government creates laws and manages programs and services that tend to affect the whole country, the provincial and territorial governments have powers to make decisions relating to areas of law that affect their province or territory directly, and the municipal governments are responsible for establishing …
How long does Federal Incorporation take?
Where Should I Incorporate My Business?
| Jurisdiction | Standard Processing | Expedited Processing (Additional fees apply) |
|---|---|---|
| Federal | 5 days | 3 days |
| Alberta | 5 days | 3 days |
| British Columbia | 10 days | 7 days |
| Manitoba | 15 days | 6 days |
Does a corporation expire?
Because a corporation is a legal entity separate from its owners, it continues to exist even when owners die or leave the business. If the formation documents don’t limit the corporation’s term of existence, it will remain in existence until articles of dissolution are filed with the state.
Do you need to register a federal corporation in Alberta?
Do you need to Incorporate or Register in Alberta? If you operate a business which is incorporated federally or in another province of Canada, and you do business in Alberta, you will need to incorporate a new company OR register your existing corporation in Alberta.
Can you start a corporation with one person?
Can one person form a Corporation or an LLC? Yes. Similarly regarding a corporation, one person can also hold all of the offices in the corporation, and be the only stockholder. Even a one person corporation should follow formalities and have bylaws and a stock certificate.
What do I need to register my business with the federal government?
The person or “responsible party” applying must have a valid taxpayer identification number, such as a Social Security number or another EIN. Once you have an EIN, you can also register to pay your federal business taxes online through the government’s Electronic Filing and Tax Payment System.
How to register your business as a corporation?
To register as a corporation, you will need to: incorporate your business (obtain your articles of incorporation) through federal incorporation or provincial/territorial incorporation.
How to become a federal corporation in Canada?
As part of the federal incorporation process, you can get: 1 Articles of incorporation 2 Federal business number 3 Federal corporation income tax program account 4 Option to register for other federal tax accounts, such as GST/HST, payroll, import/export 5 Option for extra-provincial or extra-territorial corporation registration
Who are the members of the Federal Register?
Environmental Protection Agency 38 23 Health and Human Services Department 66 21 Homeland Security Department 24 14 Housing and Urban Development Department 3 0 Interior Department 28 8 Justice Department 9 0 Labor Department 9 9 State Department 8 0 Transportation Department 62 18 Treasury Department 12 5