Provincial Incorporation in Canada
Provincial Incorporation Documents In Canada
Provincial incorporation documents are the most common form of incorporation in Canada. The province you establish your company in is vitally important, as it will dictate which provincial laws govern your company’s activities. Provincial registration requirements vary by province but typically include a certificate of intent to incorporate, articles of incorporation, and the signatures of at least one director and one shareholder (or partner). Get free provincial incorporation documents and professional help from Canada Business Lawyers.
Provincial Jurisdiction Over Businesses
Canada is divided into 10 provinces and 3 territories. Each province has its own provincial incorporation document that governs the legal entities incorporated in that province. These documents are typically called “the Incorporation Act” or “the Business Corporations Act”. The federal government also has a piece of legislation, the Canada Business Corporations Act, which applies to federally incorporated companies with shares listed on a Canadian stock exchange. This post will focus on the provincial incorporation documents for Canada’s ten provinces (Alberta, British Columbia (BC), Manitoba (MB), New Brunswick (NB), Newfoundland and Labrador (NL), Northwest Territories (NT), Nova Scotia (NS), Nunavut Territory(NU) Quebec, Ontario, Prince Edward Island). Use our free documents and modify them to suit the needs of your province or get help from our team.
Should You Incorporate Your Business With A Province In Canada?
A lot of people are asking whether they should incorporate in Canada. The answer to that question depends on what your goals for the business are, and how you want it to be structured. There is a significant difference between federal incorporation versus provincial incorporation in Canada; federal incorporation is for businesses that operate outside of one province or territory, while provincial corporations cover those operating within a specific province or territory. Here’s an explanation of why this matters: companies incorporated federally have more flexibility with their operations across provinces and territories but incur higher costs associated with doing so. Provincial corporations don’t face as many restrictions but can only do business within their assigned region(s). One other thing – both types of entities allow foreign investors to take part in ownership without any limits.
How To Incorporate In A Business In A Province?
In order to incorporate your company, you must first register with Corporations Canada which will issue you with an incorporator’s certificate and then submit it to your provincial government office for review. Your application may be reviewed by staff who work at both Corporations Canada and the provincial government office depending on where your company is registered. Once approved, they will send you back copies of the relevant documents. Each Ministry of Government and Consumer Services offers a step-by-step guide to incorporating your business with the Province or Territory. It includes information about how to apply for incorporation, the cost, what you need before applying, what type of company can be incorporated in Ontario, and more. If you are not resident in Canada (or already have Canadian citizenship), it is highly recommended that you consult with a lawyer licensed in Canada.
Get Free Legal Documents & Contracts. Our affordable legal team is ready if you need help.
Incorporation will protect your personal and business assets separately
Get your business incorporated with professional help from our team
One of the smartest ways to invest your money is with an incorporation.
Get lawyers when you need them for the things you need - at a fraction of the price!
Stop over paying for legal documents and help. Choose Canada Business Lawyers.
Get Your Legal Documents & Templates Emailed