Ontario Extra-Provincial Corporation
When a non-Canadian Corporation or LLC needs to set up a branch and/or open a corporate bank account in Canada, we recommend registering the company Extra-Provincially in the Province of Ontario.
Ontario is the strongest and most developed province, where over half of the Canadian finance and manufacturing corporations are concentrated and located.
Our company offers registration of non-resident corporations and LLCs including international companies in Ontario as Extra-Provincial Corporations.
Ontario Extra Provincial Packages
|Filing of Application for Extra-Provincial Licence|
|Filing of Appointment of Agent for Service Form|
|Ontario Government Fee|
|NUANS Name Search Report|
|Agent for Service in Ontario for one year|
|Monitoring and information support of the registration process|
|Ontario Extra-Provincial Licence|
|Ontario Corporate Seal||Available at extra fee|
|FREE business consultations (phone and email)|
|Federal GST/HST registration|
|Filing of Initial Return with the Ontario government (mandatory in 60 days from starting business in Ontario)|
|Via email in PDF format|
Upon Ontario Extra-Provincial Registration a non-Canadian company receives their Ontario Extra-Provincial Licence with their Ontario Corporation Number. The licence gives you rights to set up an office, open a bank account and conduct business within Ontario and serve clients inside and outside of Canada.
To be registered in Ontario, each non-Canadian company must have an Agent for Service in Ontario, who is a resident of Ontario. Our packages include this service for the first year.
It’s important to understand that Canadian extra-provincial registration does not create a separate Canadian legal entity. Therefore, a non-Canadian company registered as Extra-Provincial Corporation in Ontario has no tax obligations in Canada, when the company conducts business outside of Canada.
Advantages of Ontario Extra-Provincial Registration
International and onshore companies from any jurisdiction may be registered in Ontario and get status of Ontario EPC
Status of Ontario EPC enhances image of non-Canadian companies
No restrictions on the residency of directors, officers and shareholders of Ontario EPC
Ontario EPC is able to open a bank account and office and conduct its business in Ontario
No tax obligations in Canada, when Ontario EPC conducts business outside of Canada
No filing of the tax return is required, when Ontario EPC conducts business outside of Canada
All Ontario business expenses (advertisement, salaries, office lease, etc.) are deductible from the taxable income received in Ontario
No annual meeting is required in Ontario
Information about Ontario Extra-Provincial Registration
Corporate income tax rate, which includes federal and provincial components, is 26.5%. Ontario EPC is required to pay Canadian income tax on all income received in Canada. When the company conducts its business outside of Canada, it has no Canadian tax obligations as a non-Canadian legal entity.
All business expenses including salaries paid to employees, directors fees paid to directors, contract payments paid to self-employed individuals, partnerships, LLCs and corporations, advertisement expenses, etc. are deductible from the corporate taxable income.
Ontario EPC is required to file a corporate tax return in Canada every year, when it conducts business in Canada. The return must be filed in 6 months from the corporate fiscal year end. Income tax is payable in 2 months from the corporate fiscal year end.
When Ontario EPC does not conduct business in Canada, filing of the return is not required.
Our company offers accounting services. As a result, our clients are able to comply with Canadian requirements, file their corporate income tax in time and keep their companies in good standing.
Name of the non-Canadian company must be available in Ontario. Otherwise, the company cannot be registered in Ontario and receive the status of Ontario EPC.
Restricted words are ones that may be considered to be misleading, and include, for example, “bank”, “trust”, “insurance”, “trust”, “stock exchange”, etc.
Ontario Extra-Provincial registration takes approximately 2 to 4 weeks for corporations and 1 to 3 business days for limited liability companies.
Each Ontario EPC must have Agent for Service in Ontario. This service is included in the annual fee payable from the second year.
Our company scans letters received for your company and forward copies via email. We shred the originals unless you order to forward them to you via courier or registered mail for additional fees. If you expect more than 30 letters annually, please contact our company to receive a quotation.
Virtual office services are available for our clients, who use our company as Agent for Service in Ontario.