• For serving of customers located in Canada, US, EU and other highly regulated jurisdictions
• For conducting business in all highly regulated jurisdictions, where business transactions with international companies are restricted or prohibited
• For purchase of property in Canada
• For purchase of businesses in Canada
• For building of a credit history in Canada
• For planning of business immigration to Canada

Combined corporate income tax rate including federal and provincial components is 26.5%.

All business expenses including salaries paid to employees, directors fees paid to directors, payments to suppliers, advertisement expenses, office expenses etc. are deductible from corporate income before taxes.

Each Canadian corporation is required to file its corporate income tax return annually. The return must be filed 6 months from the corporate fiscal year end. Income tax is payable 2 months from the corporate fiscal year end. Corporations with zero taxable income or losses are not required to pay income tax, but they must file the corporate income tax return on time.

Our company offers accounting services. As a result, our clients are able to comply with Canadian requirements, file their corporate income tax returns and keep their Canadian companies in good standing.

The proposed name should include a distinctive element, descriptive element, and legal ending. Available options for the legal ending are: Limited, Incorporated, Corporation, Limitée, Ltd., Inc., Corp., Ltee

Example: McDonald IT Services Inc.

Restricted words are ones that may be considered to be misleading, and include, for example, bank, trust, insurance, trust, stock exchange, etc.

It usually takes 1 business day to incorporate an Ontario company and prepare all internal resolutions and share certificates.

A minimum of one shareholder is required. Residents of any country, individuals and legal entities may be a shareholder.

We incorporate companies, which are authorized to issue an unlimited number of common shares without par value.

Such share structure gives great flexibility. Corporate directors may issue any number of shares for any consideration. For example, corporate directors may issue 100,000 shares for the total amount of $100. They may decide to issue the same number of shares for the total amount of $100,000, or issue just one share for $0.01. It is totally up to the Board of Directors.

Directors must be an individual, who is at least 18 years old, not found by a court to be incapable of managing the individual’s own affairs, not in a status of an undischarged bankruptcy and not convicted of an offence in connection with the promotion, formation or management of a corporation or unincorporated business, or of an offence involving fraud.

A resident of any country may be appointed as a director. A minimum of one director is required.

Directors may appoint officers and specify their duties. Any individual, including a director, may be appointed to any officer position, including president, secretary and treasurer. Requirements to individuals appointed as officers are the same as to directors. One individual may hold 2 or more positions.

A general meeting of a company may be held outside of Ontario, if the location is approved by a resolution of the shareholders.

If all of the shareholders, who are entitled to vote at an annual general meeting consent by a unanimous resolution to all of the business that is required to be transacted at that annual general meeting, the annual general meeting is deemed to have been held on the date selected in the unanimous resolution.

An Ontario Corporation must have a registered office and a records office in Ontario. The registered office and the records office may be located at the same place.

Our incorporation fee includes the registered office and a records office for one year. Our company will forward to our clients copies of all letters received from the government.

We do not forward letters received from your banks, customers, suppliers, etc. If you wish to have mail forwarding services, you must order our virtual Canadian office.

The annual fee is payable from the second year.

The fee includes registered/records office address for one year, government fee and filing of the annual report with the government.

This fee does not include the preparation of the corporate tax return. Clients may request for our company to assist and prepare their annual corporate income tax return. To obtain a quotation, please contact our company .

Our company scans letters received for your company and forward copies via email. We shred the originals unless you request to forward them to you via courier or registered mail for an additional fee. If you expect more than 30 letters annually, please contact our company to receive a quotation.

Virtual office services are available to our clients, who use our registered/records office address in Ontario.