Canada Company Formation
- Stable jurisdiction & great reputation
- Time of Canada company formation takes 5 days
- Personal presence not required
Tax Rates in Canada
Corporation Tax in Canada: The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement. After the general tax reduction, the net tax rate is 15%. For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 10%
Income Tax in Canadas: Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15% in 2019
VAT Tax in Canada: VAT/GST at the rate of 5 % -plus the Provincial Sales Tax of about 8 % in most provinces/territories (HST) of about 13 %.
About Canada
Country: Canada
Capital: Ottowa
Continent: North America
Language: English, French
Currency: Canadian Dollar (CAD)
Time Zones: GMT -5
Dial Code: +1 613
Abbreviations: CA, CAN
What we can do for your Canadian Company
- We do all paperwork on forming the company in Canada
- Formation is completely remote
- Can act as Secretary or Treasury
- Provide nominee Directors/Shareholders
- Assist with opening a bank account
- Registration for Taxes, VAT & EORI
- Develop a website for your business
- Create a logo of your brand
- Provide with full company administration services
- Arrange a mailing address for your business
- Arrange a virtual office for your company
- Telephone answering service
- Book keeping, audit & reporting
- Preparing and submitting VAT return
- Dealing with local authority
- Trademark registration
Canada Company Formation. Canada Ontario Corporation.
Main Characteristics and the basic rules of Company registration in Canada.
Is there any plan in your mind to expand business operations to a country near the USA? If it is so, consider taking your venture to Canadian shores. Canada offers a positive environment for business setup or expansion for companies hailing from the USA and EU. The NAFTA is a big factor why Canada is being regarded as an ideal business destination by many entrepreneurs as well. So, in case you are looking for a company that offers professional Canada Company Formation service, you don’t have to look any farther. BRIS Group has skilled specialists who are well versed with different aspects of Canada Company Formation, so you would not have to deal with any problem.
The proximity to the USA and the scope to explore the market makes Canada ideal for companies seeking expansion. The running cost for venture is lower in Canada compared to the USA, studies have indicated. It is among the top countries which are deemed ideal for foreign direct investment and international business.
When you think of taking your venture operations to a faraway country, analyzing economy of the country becomes important. In this regard, business expanding to Canadian shores can grow better. As per the latest estimate of the IMF, the economy of Canada may grow in 2018 at rate of 2.3 per cent. This is better than its previous forecast. This should be more than good news for entrepreneurs thinking of doing business in the country.
You also have to think of the fact Canada has a stable banking system in place. The World Economic Forum is of the view Canadian banks are among the most stables ones in the global perspective. The highly-skilled work force in Canada is also useful for any business starting or expanding operations. To top it all, the Canadian government offers advantages to companies venturing into the country. You may get tax incentives in some niches. The intellectual-property rights laws are also there.
You should explore the website of Canadian Trade Commissioner Service, if taking the business to the country is on your agenda. It will be enough to understand that the Govt encourages foreign investment. You can in fact find details on laws and facilities in each province of Canada for the same and pick a location accordingly. You can in fact taste success in various businesses in Canada including IT peripherals, media, publication, medicine, healthcare, tourism etc.
Despite the various advantages of doing business in Canada and favorable factors, you will require assistance of experts for resolving legal issues pertaining to Canada Company Formation and learning about taxation. In this regard, you can count on the BRIS group totally. Our Canada Company Formation service will make setting up business in Canada smoother than you imagine. Contact us soon for more information.
| Canada Company Formation | Financial Advantages |
|---|---|
| Taxation: | Yes, 11-16.5%. (More details about tax rate please see below) |
| Double Taxation Treaty Access: | Yes, Canada has tax treaties with other countries to foster cooperation between Canada and other international tax authorities. |
| Canada Tax Information Exchange Agreements: | Yes, Canada signed Exchange Agreements |
| Account Filing Requirements: | Yes accounting / reporting requirements |
| Annual Return Filing Requirements: | No annual return/ reporting requirements |
| Audit Requirements: | No audit required. |
| Provincial and territorial lower and higher tax rates not including Quebec and Alberta | ||
| Province or territory | Lower rate | Higher rate |
| Newfoundland and Labrador | 3% | 15% |
| Nova Scotia | 3% | 16% |
| New Brunswick | 3% | 14% |
| Prince Edward Island | 4.5% | 16% |
| Ontario | 3.5% | 11.5% |
| Manitoba | nil | 12% |
| Saskatchewan | 2% | 12% |
| British Columbia | 2% | 12% |
| Nunavut | 4% | 12% |
| Canada Company Formation | Registration Requirements |
|---|---|
| Share Capital: | CAD 10,000. Minimum paid up share capital: CAD 1 |
| Classes of Share Available for Canada company formation: | Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value. |
| Bearer Shares: | Not Allowed |
| Registered Office Required: | Yes, required and must be maintained in Canada |
| Shareholders: | Minimum number is one |
| Directors: | Minimum number is one. Can be any nationality but at least 1 must be resident of Canada. Corporate directors are allowed. |
| Shareholders: | Minimum number is one. |
| Your Company language: | English |
| Name of your Company must be ended: | “Corporation”/ Corp., “Limited”/Ltd, “Incorporated”/Inc., “Limitée”/Ltée, “Société par actions de régime fédéral”/S.A.R.F., “Incorprée” |
| Documents required for Canada company formation: | A certified copy of your passport or ID and proof of your residential address dated less than 3 months. |
| Canada Company Formation | Restrictions |
|---|---|
| For Canada company formation you cannot use words in your company names without justification: | “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc. |
| Restrictions on Trading: | None |
| Not permitted without a licence: | Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision. |
| Canada Company Formation | Confidentiality and Security |
|---|---|
| Publicly Accessible Records: | Yes, accessible. |
| Nominee Shareholders and Nominee Directors: | Yes, Allowed |
| Disclosure of Beneficial Ownership to Authorities: | No |
| Meetings of Directors and Shareholders to be held: | Anywhere |
| Stability: | Stable jurisdiction and great reputation. |
| About Canada |  |
|---|---|
| Capital city: | Ottawa |
| Region: | The Great Canadian Shield is the largest of Canada’s 6 physical regions and includes the Northwest Territories, Nunavut, Quebec, Alberta, Saskatchewan, Manitoba, Ontario and Newfoundland and Labrador. |
| Political System: | Parliamentary Democracy |
| Government: | Constitutional Monarchy |
| Governing corporate legislation: | The Companies Acts 1931 to 1993. Limited Liability Companies Act 1996. Canada Business Corporations Act (CBCA) |
| Type of Law: | Common |
| Type of company: | International Business Company (IBC) |
| Currency: | Canadian Dollar (CAD) |
| Exchange Control: | None. |
| Language of Legislation and Corporate Documents: | English. |
| Time Zone: | GMT-5. |
- Use of a name across Canada
- Registered office location anywhere in Canada
- Recognition as a Canadian entity.
- A corporation has an unlimited life span.
- Ownership of the business entity is transferable
- Incorporated businesses can sell shares and equity to drive growth.
- Taxation. Corporations can benefit from Canada’s small business deduction (16% on the first $200,000 of taxable income).
- Ajman Free Zone Company
- Ajman Offshore Company
- Albania Company
- Anguilla Company
- Australia Company
- Austria Company
- Bahamas Company
- Barbados Company
- Belarus Company
- Belgium Company
- Belize Company
- Bermuda Company
- Bosnia and Herzegovina Company
- Bulgaria Company
- BVI Company
- Canada Company
- Cayman Islands Company
- China Company
- Cook Islands Company
- Costa Rica Company
- Croatia Company
- Curacao Company
- Cyprus Company
- Czech Republic Company
- Denmark Company
- DMCC Free Zone Company
- Dominica Company
- Dubai Airport Free Zone Company
- Dubai Offshore Company
- DWC Free Zone Company
- Estonia Company
- Finland Company
- France Company
- Georgia Company
- Germany Company
- Gibraltar Company
- Hong Kong Company
- Hungary Company
- Iceland Company
- Indonesia Company
- Ireland Company
- Isle of Man Company
- Italy Company
- Jebel Ali Free Zone Company
- Jersey Company
- Latvia Company
- Liechtenstein Company
- Lithuania Company
- Luxembourg Company
- Madeira Company
- Macedonia Company
- Malta Company
- Marshall Islands Company
- Mauritius Company
- Malaysia Company
- Moldova Company
- Monaco Company
- Montenegro Company
- Netherlands Company
- Nevis Company
- New Zealand Company
- Norway Company
- Panama Company
- Poland Company
- Portugal Company
- Romania Company
- Samoa Company
- Saint Kitts Company
- Saint Lucia Company
- Saint Vincent Company
- Scotland Company
- Serbia Company
- Seychelles Company
- Singapore Company
- Slovakia Company
- Slovenia Company
- South Africa Company
- Spain Company
- Sweden Company
- Switzerland Company
- Taiwan Company
- Thailand Company
- Turkey Company
- Turks and Caicos Company
- Emirates Companies
- UK LTD Company
- UK LLP Company
- Ukraine Company
- USA Company
- Uruguay Company
- Vanuatu Company
- Vietnam Company
- Zimbabwe Company
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.
