Incorporate Your Canadian Business in Minutes
Launch your business today! Starting at $299 + filing fees.
100% Satisfaction Guaranteed
Owned and Operated in Canada
Canadian Customer Support
Incorporate Your Canadian Business in Minutes
Starting at $299 + filing fees.
100% Satisfaction Guaranteed
Owned and Operated in Canada
Canadian Customer Support
Why use MyBusiness to incorporate your business in Canada?
Easy to understand questions
Incorporate your business by answering just a few simple questions.
Legal and security compliant
Ensuring compliance with laws for your business security.
Documents in as little as 2 hours
Quick turnaround for your necessary incorporation documents.
Why use MyBusiness to start your business in Canada?
Easy to understand questions
Incorporate your business by answering just a few simple questions.
Legal and security compliant
Ensuring compliance with laws for your business security.
Documents in as little as 2 hours
Quick turnaround for your necessary incorporation documents.
Why start a corporation?
A corporation is a formal business structure created by registering incorporation documents with the relevant provincial or federal government in Canada.
This legal entity is separate from its shareholders, which means that owners are generally shielded from personal liability for the corporation’s debts and obligations. Beyond this protection, corporations provide additional benefits, such as the ability to issue shares and raise capital from external investors, which can significantly enhance business growth and sustainability.
Benefits of incorporating
Incorporating a business in Canada provides several key advantages, including limited personal liability, which protects owners’ assets from business debts and legal claims. Corporations often benefit from lower tax rates and enhanced credibility, making them more attractive to clients and investors.
Corporation annual requirements
After incorporating a business in Canada, it must meet several annual requirements. This includes filing an annual return with Corporations Canada within 60 days of the incorporation anniversary and maintaining a register of individuals with significant control (ISC). Additionally, corporations must hold at least one annual meeting of shareholders to discuss important matters; failure to comply can result in penalties or dissolution.
Sole proprietorship or Incorporation
A sole proprietorship is not a separate legal entity from the owner, which means the owner is personally liable for all business debts. In contrast, a corporation is its own legal entity, offering liability protection for its owners and paying income tax separately from its shareholders.
Reasons to incorporate in Canada
Limited Personal Liability
Protects personal assets from business debts and liabilities.
Lower Tax Rates
Corporations often enjoy reduced tax rates compared to personal income.
Enhanced Credibility
Incorporation signals professionalism to investors and clients.
Reasons to incorporate in Canada
Limited Personal Liability
Protects personal assets from business debts and liabilities.
Lower Tax Rates
Corporations often enjoy reduced tax rates compared to personal income.
Enhanced Credibility
Incorporation signals professionalism to investors and clients.
Federal vs. Provincial Incorporation: What's the difference?
Whether you choose Federal or Provincial incorporation depends on your situation. No matter which one you choose, we can help you get your business up and running quickly. To help you make your decision, here are the details to know for each.
Federal Incorporation
Name Protection
A federally incorporated business has its name protected all across Canada.
Canadian Residency
At least 25% of the directors must be Canadian residents.
Flexibility
Federal incorporation allows for more choices in how the business is set up.
Provincial Incorporation
Jurisdiction
A provincially incorporated business follows the rules of its specific province.
Residency Can Be Optional
Most provinces do not require directors to live in Canada.
Cost and Timelines
It can be cheaper and quicker to incorporate in some provinces.
Frequently Asked Questions
Why incorporate?
Incorporating a business helps protect your personal money and belongings from any business debts or problems. It also makes your business look more professional and can help you get loans or investors more easily.
How do I incorporate?
You can incorporate by filing articles of incorporation online through MyBusiness. With our incorporation package, you simply answer a short questionnaire and your business will be incorporated in as few as 1-2 days.
Do I need a lawyer to incorporate?
You do not need a lawyer to incorporate. Whether you wish to consult a lawyer prior to forming a corporation is a matter of personal preference and your business situation.
How can MyBusiness help me incorporate?
Our incorporation services are quick, reliable and guaranteed. Our online incorporation form breaks down the incorporation process into a step-by-step questionnaire for you to fill in at your convenience. Any questions you have can be answered by calling one of our Customer Support representatives.
Once you have submitted your information, we will review your incorporation documents for accuracy before filing your Articles with the government. You will receive confirmation when your registration is complete.
What other business owners are saying
“MyBusiness.ca helped turn our idea for JeDonz Contract Services into reality without the hassle and expense with dealing with lawyers. The registration process was straightforward and made everything feel official right away.”
JeDonz Contract Services
“Starting our business was stress-free experience thanks to MyBusiness.ca. Their simple registration process helped us get fully incorporated in less than 2 hours.”
The Moverz Inc
“MyBusiness.ca made getting Finlance off the ground so easy—registering our business was quick and simple.”
Finlance
Incorporation vs. Sole Proprietorship
Incorporation is best for people who want to protect their personal belongings and make their business look professional.
Sole Proprietorship is best for those who prefer a simple business setup and want to be their own boss.
Protection of personal assets
Incorporation
Sole Proprietorship
Ability to use a unique business name
Incorporation
Sole Proprietorship
Open a business bank account
Incorporation
Sole Proprietorship
Obtain a GST/HST number
Incorporation
Sole Proprietorship
Separate Legal Identity
Incorporation
Sole Proprietorship
Opportunities to attract investors
Incorporation
Sole Proprietorship
Lower tax rates available
Incorporation
Sole Proprietorship
Business name protection
Incorporation
Sole Proprietorship
Hire employees
Incorporation
Sole Proprietorship
Enhanced credibility with clients
Incorporation
Sole Proprietorship
Incorporation vs. Sole Proprietorship
Incorporation is best for people who want to protect their personal belongings and make their business look professional.
Sole Proprietorship is best for those who prefer a simple business setup and want to be their own boss.
Protection of personal assets
Incorporation
Sole Proprietorship
Ability to use a unique business name
Incorporation
Sole Proprietorship
Open a business bank account
Incorporation
Sole Proprietorship
Obtain a GST/HST number
Incorporation
Sole Proprietorship
Separate Legal Identity
Incorporation
Sole Proprietorship
Opportunities to attract investors
Incorporation
Sole Proprietorship
Lower tax rates available
Incorporation
Sole Proprietorship
Business name protection
Incorporation
Sole Proprietorship
Hire employees
Incorporation
Sole Proprietorship
Enhanced credibility with clients
Incorporation
Sole Proprietorship
Questions?
Send us an email
info@mybusiness.ca
Give us a call
(866) 499-7519
Questions?
Send us an email
info@mybusiness.ca
Give us a call
(866) 499-7519