Hi,

What are the steps to follow to register legally a company in Canada?


thanks for the help!

PierreB

Your question is too general. It depends on which province you want to do business in and the nature of your business. It also depends on the type of business you want to register as, ie. sole proprietorship, partnership, cooperation, cooperative, etc. Maybe these links will help:

http://sade.rcsec.org/scdt/startup/interface2.nsf/engdoc/0.html

http://www.cbsc.org/

Originally posted by vannaco
What are the steps to follow to register legally a company in Canada?
Move to the US. Register your company there. A lot less taxes (if any) and more cost-effective in the long run. I'm serious. :D

I wouldnt suggest moving..... Its not bad... And honestly, there isnt a lot of taxes IF YOU do not charge GST/PST.

First off all, on the site that wave gave you, you can follow the links here:

http://www.cbs.gov.on.ca/obc/english/4TJTBS.htm


on that site it tells you about Registering.. You can register online for a business number, for about $60.00, or mail in your form, OR go to a "Auto Service Center" located in Government buildings across Canada.... I know there are numerous ones around here, in the Fed Buildings, or in the Provincial Buildings....

Its a little more if you do it OFFLINE because they have to process it.. Online you pay by CC.

THey mail you a Business number within a few weeks and if you go to open a business bank account you must provide em with it....

On income taxes, you simply include it as an Income and the appropriate taxes are paid (this is if its a single business - just you ).. If you are doing payroll, etc you have to work a little differently.

Sean

If you are in ontario, you may find this useful. I really did :rolleyes:

http://www.ontario-canada.com/medt/edtlib.nsf/DocumentIndex/English_Internet_Starting+a+Small+Business+in+Ontario?OpenDocument

I actually have the book version of the website.

Originally posted by method5
If you are in ontario, you may find this useful. I really did :rolleyes:

http://www.ontario-canada.com/medt/edtlib.nsf/DocumentIndex/English_Internet_Starting+a+Small+Business+in+Ontario?OpenDocument

I actually have the book version of the website.

hey thanks for that! I've auctally been looking for something like that.
Oh yeah, where about's in ontario??

hey thanks for that! I've auctally been looking for something like that.
Oh yeah, where about's in ontario??

We are located in Hamilton.

heh... What book store, or where did you purchase that book? I'd like a copy in print.. heh...

Sean

thank to all! really helpful


Reply to: Kiwi , sure move to the US...if the US was any better No offense). Beside that registering a company in the Us cost $1500 USD.


PierreB
Freelance Web Design
<<URL removed, please set up a signature (see PROFILES above)>>

heh... What book store, or where did you purchase that book? I'd like a copy in print.. heh...

Sean

I got it from my accountant.

It says on the inside cover,

Starting a small business in ontario
Additional copies may be purchused

In person from:
Publications Ontario
880 Bay Street
Toronto, Ontario

By Mail Order:
Publications Ontario
Mail Orders
5th Floor
880 Bay Street
Toronto, Ontario
M7A1N8
Telephone (416) 326-5300

By Toll free:
1-800-668-9938

Accepted: Visa or Mastercard or money orders/checks to 'The Treasurer of Ontario'

Do they accept inquiries from people outside Canada? (something like those LLCs in US) ?

Thank you

Originally posted by method5


We are located in Hamilton.

wow, you're really close to me then, i'm in Oakville...:)

Originally posted by 311


wow, you're really close to me then, i'm in Oakville...:)

Wow!
Your all pretty close to me!
Im in Barrie!

Chris

Whoa, no kidding im in hamilton ontario too.... this is eerie..... Anyone else here on cogeco? hehe

LOL, cogeco has taken over southern ontario

I'm thinking about getting rid of cogeco and trying out business high speed dsl with sympatico.

hmm, sympatico, I've never auctally tried it but from the ads, it looks okay...

Cogeco owns sympatico (not in the sense of physical ownership), depending on your area. If your area goes down 2x a week and you use cogeco, switch, otherwise dont. Sympatico uses 1mbit modems which will cap off at 16k/s uploads and 125k/s downloads, whereas cogeco's cable modems will push 50k/s uploads (in my area, i've heard of higher) and 300k/s+ downloads. Also, with cogeco you get 3 free ip's, sympatico, i think you only get one.

Make sure you look into it before buying onto that sympatico crap with all of their fancy advertising that avoids spreading any fact.

Esp. with that "dedicated bandwidth" advertising, we all know that you're on the internet, and noone really has dedicated bandwidth. Your bandwidth is only dedicated as far as your personal link reaches.

:flamethr:

And naturally thats not only my two cents, but also fact, so think about it =)... oh yeh, and i dont think business dsl from sympatico is much different then the residential, i called them awhile back regarding sdsl and they were extremely unaccomodating.

does cogeco or sympatico allow web servers??

Not really, but they're not smart enough to notice it either. Sympatico is a dynamic ip based system for the mostpart, and they cap uploads so low you couldn't possibly host from them, and they have no packages that will accomodate that either. Cogeco is dhcp based, but it is relatively static (you get the same ip for a good 6 months usually i find). Its not worthwhile setting up a webserver on either though (i run my own on cogeco, but thats one for my personal consulting work).

BTW, anyone know if theres any downfalls of registering a corporation in canada when your facility is physically located in the US? i'm opening a colocation facility in miami, but the cost of incorporating in ontario canada is much lower then the cost in the USA, and since taxes are currently not present in any official form for online goods, can anyone think of pro's/cons?:confused:

This is from my accountant.

With respect to incorporation, it may be a good idea if you think there is some element of risk in the services you provide. One of the benefits of incorporation is that it limits your liability in the event of a lawsuit. Thus the name "limited liability company". Your liability is limited to your investment. Most people set up a corporation with nominal common stock like $100. If the company needs more money to get started they will either loan the money or get a bank loan. If the company is sued the most you can loose is your investment and the amount of any loans you have made to the company. Most banks won't loan money to a company without a guarantee from the shareholder. It doesn't sound like your business will require much money to get started so you shouldn't have to worry about arranging loans.

Most lawyers charge between $1,000-$2,000 to incorporate a company. You can name the company whatever you like provided the name you choose for the company isn't already in use by someone else. The lawyer will usually conduct a name search to ensure the name isn't already taken. Usually the name will end in Company (Co.), Limited (Ltd.) or Incorporated (Inc.).

Corporations provide some flexibility for how you receive personal income. The income earned by the corporation is subject to corporate tax. The income inside the corporation is reduced by any salary you pay to yourself. If you don't pay out all of the income earned by the corporation in the form of salary, you can pay the remainder (after corporate tax) as a dividend. You can vary the salary/dividend mix from year to year depending on tax rates.

Corporations are a little more expensive to maintain. The annual corporate tax return is a little more expensive to prepare than a personal tax return. Generally a corporate tax return costs $1,000 or more to prepare and a personal return about $100 to prepare. Plus you may have T4's to prepare for salaries paid and T5's to prepare for dividends paid by the corporation.

If you don't need the limited liability of a corporation it's OK to start a business as a sole proprietor. You can always incorporate later and transfer your existing business into the corporation. I think a corporation is useful when gross earnings reach the $100,000 plus level.

Well centeral to Northern ontario is all Rogers!!! AHHH!:D I see Red!

Chris

Method, perhaps you misread my post. I was attempting to weigh the pro's and con's of incorporating a company in Canada that had it's physical facility in the United States. I was not attempting to get an explanation or weigh the pro's and con's of incorporating.:eek:

Any additional input is most certainly welcome.

I'm wondering..
If I wanted to registered a business name..
For Example "123 Networks"
I register "123 Networks" for $60 for 5 years with the Government of Ontario.

But, someone else can also register the same name.
I want to make sure someone else doesn't register
"123 networks!"

How would I go about doing that?

I live in Toronto.

You would have to trademark it then, you can do it online automatically here.

http://strategis.ic.gc.ca/sc_mrksv/cipo/tm/tm_main-e.html
I can't remember the cost, but I think it was $150.

Mississauga over here!

Mississauga over here to

Lived in Barrie and Worked in Mississauga up until last May...

I miss it and think I am going to leave the West and move back to my new "Home"...

Alberta bores me and the economy is in the tank with regards to Senior Network Admins...

:(

T.O area here also :)

I know this is off topic, but for all you Ontario peoples, may I suggest magma.ca

We pay around $60 canadian for their 3mb service and it's fast!!!

http://www.cbs.gov.on.ca/obc/english/4TFQ9B.htm

Oakville here also,

Do you charge GST to your customers??

http://www.businessregistration-inscriptionentreprise.gc.ca/

Uhh this thread is old...

VERY OLD.

Originally posted by Mekhu
T.O area here also :)

I know this is off topic, but for all you Ontario peoples, may I suggest magma.ca

We pay around $60 canadian for their 3mb service and it's fast!!!

Have you tried www.aei.ca only $50 a month.

www.tht.net has no data transfer limits for i believe all of Ontario for pretty cheap because Marc is too lazy to monitor traffic (not kidding :D).

Are tht.net & addr.com affiliated in any way?

Originally posted by big_smooth
Are tht.net & addr.com affiliated in any way?

Not a clue, i dont work with them in any way, we just have cage space in the same suite as them :).