Company Formation Services in Canada
Learn the best ways of starting a business in Canada, different types of business structures in Canada, and what is required to start a business in Canada.
- We will help you register your company in Canada
- We will help you find a suitable partner in Canada
- We will help you set-up your business and associated requirements
- We will help you register for tax and licenses
Find out how to register a company/business in Canada in very easy steps. Our comprehensive list of services is here to help you.
Are you looking forward to establishing your business in Canada? Willing to get additional support in documentation work for Company formation in Canada? We the Helpline Group – “the Best Mate for your Journey”, are there to provide you full support in all type of document attestation or paperwork related to company formation in Canada. We came into existence in 1998, since then we have been continuously working and growing our talent base to strengthen our relationship with our clients. Working with us will be the best option for your business startup process in Canada. We will not only hold your hand for setting up your company but we will actually deal with all the legal formalities for company registration in Canada. We can help you in finding the right partner for business work, opening a bank account, municipal work, licensing, other document arrangement and their renewals. You will find our helping hands at all your business formation level. Our experts always work within the legal boundaries to accomplish the work on time and to make it fruitful for the client. We have hired native experts in Canada to deal with the regional government bureaucracy and documentation work.
Helpline Group is a government approved agency with ISO 9001-2008 certification
The company has branches spread across the world. Established in 1998, Helpline Group’s Head Office is in Dubai to serve our special clients in Kuwait and the Middle East region. With a strong clientele base from India, Kuwait and the rest of the Middle East, we currently enjoy a strong presence in these countries, especially in Kuwait.
Till now, we have worked with more than 2000 companies and individuals willing to get support in document attestation work or visa work or other business related documentation work. Our service list covers almost all the major documentation work required for the company set up in Canada including company formation, company registration, Apostille, document attestation, document translation, transcription, authentication and other similar kinds of facilities.
Helpline Group’s consultants in Canada will assist you at all the levels of business formation in Canada to provide a complete solution to your business needs. As an expert in handling paperwork at international level, we know it better what are the essential documents required to fulfil business needs, how to properly use those documents to get a full advantage to fulfil strategic business needs and finally to tell you where actually the documentation work is required to meet the legal standards.
Helpline Group is a throbbed platform full with energy to deal with all the legal challenges faced in a company set up in Canada. We will take over all your documentation work from scratch; will prepare all your required documents and make them ready (translation, attestation, etc.) to meet legal standards. If your documents are in a different language then do not worry, we have a solution for that also, our native linguistic experts are capable enough to translate documents in English from all major language like Arabic, French, Russian, Hindi, Portuguese, Urdu, etc.
By working with us, you will get to know how smoothly we process all your business needs to fulfil your dream. It can be said, you will get your entire problem’s solution under one roof. Helpline Group is the most reliable agency working at national and international level; we maintain a high level of confidentiality while handling our client’s file containing personal and professional data. Our top – class hassle free services can be availed at a reasonable price with a facility of “free collection and delivery” of your documents from your doorstep.
Canada – the second biggest nation and has the 10th largest economy in the world with highly developed economies. It has three territories and ten provinces which cover the region from the Atlantic Ocean to the Pacific Ocean and also covers the northward Arctic Ocean, which makes it the 2nd biggest country covering the land area. Its official languages are English and French and you need Canadian dollars to operate in this market. Canada is sparingly populated as the majority of land is enclosed with forest and tundra.
It is one of the most ethnically diverse nations in the world encompassing multicultural nationals from a different region of the world; this is due to the high rate of immigration. Canada’s business life is highly influenced by the multicultural environment that has resulted in favourable regulations for registration process of offshore companies and taxation policies for these companies. The Canadian economy has a remarkable impact of the United States on its living standards, culture, economic system and production pattern due to the long existing complex relationship.
Canada has vast natural resources through which it trades in the international market, apart from this it has gigantic offshore reserves of natural gas and oil fields. It is the largest agricultural products supplier in the world. It majorly deals in agricultural products, metals, oil and gas. Its diversified product list provides a wide opportunity for foreign investment, thus, a foreigner has a number of option for a company set up in Canada. Apart from this wide list of work option, government policies regarding foreign investment and fiscal laws are also very smooth and welcoming.
Canada’s strong instructional foundations and economic rules of an open-market system are remarkable. Helpline Group’s executives can help you in sorting all the matter regarding company formation in Canada. We know how to start a company in Canada to remain in a profitable situation and how to settle the legal formalities to set up a company in Canada. We can offer our full range of services to you at one call if you are looking forward to starting a business in Canada.
Finding a Partner in Canada
Canadian corporate laws are not so easy to be understood especially for those who are new in this market. Corporate laws are not easy to be understood by everyone, it needs the expertise of years to understand well about the regional corporate laws. We have been working at the national and international level since the past 20 years; we have accurate information about the legal formalities to be completed to find a partner in Canada. Helpline Group can work on behalf of you and find an appropriate partner for your business, who shares the same business values, aims and have some business sense. Our executives in Canada work continuously to collect information regarding business opportunities in Canada or regional people looking forward to conducting business with foreign investors. We constantly update our database with the changes made in the business world to provide you with the best information available with us about the business world.
Promise on Quality and Reliability
Our highest priority is in ensuring our commitments are met, and we deliver our promises on time. Hence, you can be assured that your company formation activities will be completed on time, as per your requirements.
Legal Structures of the Company in Canada
If you are looking forward to starting a business in Canada, you must decide about the company’s legal business structure. Legal business structure means the form of business through which the company will operate in the market. Selecting a legal business structure for the company is the first and foremost decision to be made by the investor. Structure of the company is the base, on which business rules like company registration, taxation formalities, and another factor depends. There are several ways for starting a business in Canada among which the most famous form is “Limited Liability Partnership”, as this business form is not a taxable entity. Thus, you are not supposed to pay tax under this business form. Except for this business form, there are several business structures which can be selected as a business structure by the investor in Canada, like-
- Sole Proprietorship
- Partnership Firm
- General Partnership Firm
- Limited Partnership
- Limited Liability Partnership
- Branch Office
- Joint Venture
Sole proprietorship allows a person to have full ownership of the business without the interruption of any other person. Owner of the company is solely responsible for all the activities conducted in the company. All the losses and profits incurred from the commencement of the business remains with the owner. He or she is liable for all the business obligations and debts incurred if any. In case of loss, the owner has the liability toward his full personal income and wealth. Therefore, to satisfy business losses all business and personal assets can be sold off. This is the least expensive and most easy business form, as a sole proprietor does not need to register for starting a business in Canada and if needed, then too, it is quite simple as compared to other business forms. As there is a single person controlling the business, thus, there is no conflict in decision making which makes this process easier. There is no requirement to make a heavy investment in this business; you can start with the minimum working capital.
All the income generated in sole proprietorship business is considered as personal income and taxed accordingly, thus, there is no need to file a separate company tax return. He or she is required to pay taxes by reporting their income through T1 income tax – benefit return. T1 form is filled in Canada by those who come under the tax bracket established by the government or had a capital gain enough to pay tax in a particular year or are planning to make Quebec Pension Plan (QPP) or Canada Pension Plan (CPP) payments on pensionable earnings of that year or want to get special benefit allotted for the self- employed people or to fulfil legal requirements.
A partnership is a business created between two or more people agreeing on the same terms and conditions to start a business. In this business, both or all the parties pool their own resources to operate the business. A partnership can be formed between individuals or corporations or trusts on mutual agreement basis. In a partnership firm, all the parties will share equal liabilities and profit, until and unless specified in the agreement. A partnership deed is formed on the basis of the terms agreed between the parties.
In Canada, there are three types of partnership firms; this division is done on the basis of liability of the partners. Helpline Group can assist you to follow your decision and can complete formalities to incorporate your business accordingly. Generally, the decision of choosing the form of business partnership is influenced by the tax charged on the income earned by the partner. All the partners are supposed to file the income tax return by themselves; a partnership firm is not bound to do so. In some cases, a partnership firm is asked to file the income tax return but in this case, also partners are not relieved from paying tax.
General Partnership Firm
A general partnership has two or more person to transact in a business with a common view. In this form of partnership, all the partners are supposed to perform their part of duties, as per the agreement formed between them that means all the partners are actively engaged in this business. Until and unless specified in the agreement formed between the partners, all the partners have the same business rights, same participation in decision-making process, same profit share and share equal liability also. A general partnership company formation in Canada is quite easy to establish and liquidate also, but it is not a child’s play to deal with legal complexities. Helpline group can guide and assist you in starting a business in Canada through the least possible paperwork with full exploitation of time.
Registration of this business form remains in existence for 5 years after which it has to be renewed. Registering a partnership firm in Canada gets quite easier and faster while working with Helpline Group, we can get all the paperwork done for registration and also incorporate the firm completed within a few days. The major drawback in this partnership form is that all the partners in the business have unlimited liability to the extent of their personal wealth. Helpline Group’s experts can Canada will provide all related information about the business. In Canada, general partnership laws are highly influenced by the laws of the province or territory under which that partnership business comes.
A Limited Partnership must have at least one general partner and can also have more general partners, who bear unlimited liability on their own shoulders. And other partners are limited partners or at least one partner should be a limited partner with limited liability. This majorly depends on the contribution given by the partners in the business. It is usually found that due to that factor of liability, Limited Partnerships are formed with a corporation, working as a general partner with other individuals working as limited partners. In Canada, a limited partner is also known as a silent partner, who just makes financial contributions in the business, his opinions about the business might be taken in the decision-making process but he himself cannot make any business decision.
In case, a limited partner takes part in decision making then he loses his title of limited partner and will be treated as other general partners of the firm. In Canada, it is often found that a limited partner is used just as a tool for raising money. Helpline consultants in Canada can guide you and provide you with all information regarding the legal issues in this business form, we can assist you in dealing with all business paperwork to make your agreement strong for a company set up in Canada.
Limited Liability Partnership
Limited Liability Partnership is the most popular form of company formation in Canada, through which a number of investments are made for international trade in Canada. Limited Liability Partnership (LLP) is a form of a general partnership under which liability of a general partner is also limited to an extent. General partners cannot skip from their liabilities but get safe to an extent. There are minimum 2 numbers of partners in this business structure but there is no maximum limit, and a company can also become a partner in an LLP firm. This business form is not considered as a taxable entity in Canada, thus, you are not supposed to pay any corporate tax on the profit earned. LLP is treated as a transparent company for charging tax which makes the partners liable to pay the tax from the income earned by them separately. In Limited Liability Partnership, if something goes wrong then the partnership firm can be held liable and the assets of the partner involved in the loss of the company will be at risk, thus, assets of other partners are safe.
In Canada, every province has its own rules for governing business in a particular territory and LLP is a new business form emerged in few areas of Canada, such as in Ontario and British Columbia this business structure is in practice. LLP is comparatively new in British Columbia (BC) as compared to Ontario, in BC any partnership structure can be converted into LLP or a fresh LLP can be established. Due to provincial differences in business operation LLP legislation can be enjoyed all type of business form in British Columbia but in Ontario and other provinces, LLP legislation is limited to regulated professions like accountants, lawyers, etc. Thus, for starting a business in Canada, you must not only know about the benefit of the structure but also know about the facilities provided by the government in that particular province for your selected business structure. It can be said, that the selection of business structure is not an easy task in Canada. Helpline Group’s consultants can provide you with the best details about the business and will guide you about how to start a company in Canada with your selected business structure.
A foreign company can establish its branch office in Canada with the legal license provided by the Canadian government. A branch office must be registered under the province in which it will be operating. Helpline executives will guide in this regard and will also complete paperwork in order to help you in starting a business in Canada. Our native consultants have better knowledge of legal formalities in Canada. Branch office’s activities, rules and regulations everything depends on the province under which it comes, thus, the definition of “permissible business activities” defer from province to province in Canada, therefore, in Canada, a Branch Office business can conduct business activities as under-
- A resident agent as a representative is hired to operate the business or a representative working in the office or company warehouse or any official place to conduct business.
- Other than security, the parent company should have an interest in real property of that province.
- Business activity can also be chosen by the governing laws of the province.
In Canada, Branch Office is having the privilege of tax benefit which makes them a popular business structure in Canada. According to the Canadian business law, all the activities of the Branch office make the parent company liable for the actions of the branch office including debts, liabilities and other legal obligations.
A corporation has a separate legal entity from its shareholders. In Canada, a corporation has legal recognition (as a natural person) through which it can own property in its own name, can take or give a loan, it can sue and can be sued by other people. Shareholders of a corporation have liabilities limited to the amount invested by them in buying shares, thus, shareholders do not have any authority on the assets of the company. A corporation has to file the tax return for every financial year and pay corporate tax accordingly. Company incorporation in Canada can be done at two levels i.e. either at the federal level or at the provincial level. Federal level incorporation of a company allows it to trade in any part of Canada whereas with Provincial level incorporation a company remains confined to a single region. If a corporation has federal registration then it can extend its province only by making application for provincial registration from the province in which you intend to have a business.
All the shareholders are the owner of the corporations and can make decisions by conducting the business meeting through votes. But ownership of a Corporation is not affected by the death of the shareholder or if he leaves the Corporation nothing gets affected, as the shares can be transferred to another person. The tax benefit is one of the core advantages for working in this structure, as shareholders in this firm can be anyone, thus, the owner can take shares in the name of family members or can issue dividends to them, which will redistribute income within the family. In Canada, if you qualify for “Small Business Deduction” then your corporation can avail a credit amount for your business which will reduce the payable tax amount.
Joint Venture is a result of an agreement formed between two or more people or companies or other entities to work together for accomplishing a task. Both the parties contribute their resources either in the terms of finance or skill or goods or services or goodwill for attaining mutual benefit on completion of the task. Joint venture comes to an end at the completion of the task or after a defined time period or incapability of one or more party to perform the task or any legal requirement, etc. A joint venture is not a legal entity in the eyes of law; therefore it cannot operate a business in its own name. In this type of business structure, the entity dealing with the third party is held liable for the deeds performed. The Canadian government has no law governing Joint Ventures; all the terms are based on an agreement with mutual discussion.
Although there is no specific law governing Joint venture, the Joint venture parties are required to work according to business guidelines provided by the Canadian government under the Act for Investment in Canada. Approval for having a Joint Venture is highly affected by the benefits derived from the agreement to the country, every province has their own way of analysing the agreement. Therefore, it can be said a joint venture not approved in one province might get approval in another province. Projects deriving benefits to the country like increasing productivity, increasing Canadian participation in the project, level of advancement, technological development, product innovation – development, industrial efficiency, etc. are highly preferred by the government.
Cooperative is legal incorporation which is owned by a group of people looking forward to satisfying specific needs of products or services either by selling the products or generating employment or for making that product or service available to the society. Sometimes cooperative have members who just work as an investor or support member. There are four kinds of Cooperation in Canada like consumer cooperative, producer cooperative, worker cooperative and multi-stakeholder. These cooperative are governed democratically with the votes of the members and its operative rules are defined at provincial or territorial or federal level.
Profit generated can be reserved for future use or can be distributed among the members; it is mutually decided at AGM. In Canada, cooperative societies can be formed under “Canada Cooperative Act” (Coop Act), for this applicant needs to file an application to the Corporations Canada. A Canadian Cooperative is required to follow the specific Cooperative Act formed at the provincial or territorial or federal level. All types of Cooperatives are governed under the same law except the Financial Cooperatives which are regulated under separate legislation.
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Other Factors You Should Consider for Canada Business Formation
Understanding the Canadian tax system is quite a complex process, which needs detail legal information and understanding of legal concepts. Helpline group have efficient consultants who can deal with the legal formalities and can help you with all the paperwork. We know how to start a company in Canada to exempt corporate tax or minimise corporate tax. Canada has a different tax system for every type of business structure; in some business, structure owners are provided with some exemptions but not so in other business structure. Taxation amount is basically affected by the nature of the business, incorporation of the business, provincial or territorial law, the origin of the contract, etc. In Canada, 38% Canadian Corporation tax is charged under section 123 on the taxable income of every Canadian resident or non- resident or on the taxable amount earned in the region.
Company set up in Canada requires permission from the government authority to visit the location first, for which the applicant needs a visit or business visa. With a simple business tourist visa, you can go abroad to have an understanding of the location, business requirement, to conduct meetings, to attend a business conference, etc. After getting a green single to start your business in Canada, you can move further. We the Helpline Group, have sufficient knowledge to tell you about the selection of business and starting a business in Canada for getting full advantage of running it.
As a part of a business, one can require to import goods from other countries. But before moving further one must know the import regulation in detail, as every country has different laws for different nature of products. And in Canada, every province has its own law to govern the business activity, thus, you must take help of experts like us, who have knowledge and expertise in dealing with paperwork. There are few basic things related to Canadian import system, these are discussed below-
- Import-export account of the importer should be registered
- A legal permit from the government to deal in import and export
- Accomplishing formalities related duties and tariff laws and duly making payment.
- Meeting legal requirement established either at federal or provincial or territorial level in Canada
- Complying with import-export laws of other countries with which deal is made.
Get in touch with Helpline Group today to take your goals further.
Our Company Formation Services are available in many countries. To know more about our services, please leave a message, stating your requirements on the left. Alternatively, you may contact us through either of the following methods. Helpline Group associates will contact you as soon as possible. We are also available in WhatsApp (Use the following numbers).