Incorporate a Company

• Incorporate a Named For-Profit Ontario company?
  E.g. MyOntarioCorporation Inc.



• Incorporate a Numbered For-Profit Ontario company?
  E.g. 123456789 Ontario Ltd.

• Incorporate a Named For-Profit Federal (Canada) company?
  E.g. MyCanadaCorporation Inc.



• Incorporate a Numbered For-Profit Federal (Canada) company?
  E.g. 123456789 Canada Ltd.

ONTARIO INCORPORATION

FEDERAL INCORPORATION

Some advantages of incorporating under the Ontario Business Corporations Act are:

·          Name selection is self-policing

·          Name only needs to be available under Ontario laws

·          Faster incorporation turnaround time (real time available)

·          No government fee for Form 1 filings under the Corporations Information Act (Initial Return, Notice of Change, and Annual Return)

Some advantages of incorporating under the Canada Business Corporations Act are:

·          Name decision by government examiners based on availability across Canada

·          Enhanced name protection

·          Increased global recognition of federal charter

·          Ability to register in every province

·          Lower government incorporation fee

Some disadvantages include:

·          Higher government incorporation fee

Some disadvantages are:

·      Finding an available name is more difficult

·          Name decision made by government examiners

·          Longer processing time (1- 2 days)

·          Government fees associated with annual filings