Canada - Corp/Inc Company Incorporations

Company Type	Time to Incorporate	Cost
Corp/Inc.	2 weeks	£3400

Corporation

The Corporation is the most popular business structure in Canada. A corporation can be created under two methods:

• Provincial law - If your company will operate in only one province, the company is incorporated provincially.
• Federal law - Companies that plan to do business across Canada must be incorporated under federal law.

Timescale

It will take around two weeks for the whole registration process to be completed however a small number of ready made companies which have been pre-registered are normally available.

Private Corporation

A private corporation is a corporation resident in Canada that is neither a public corporation nor controlled by a public corporation.

Corporate records to be kept in Canada

Your corporation must keep certain corporate records at its registered office or at some other location elsewhere in Canada as set out by the directors.

Upon request, a corporation’s shareholders and creditors may examine the following records:

• Articles of Incorporation, bylaws and their amendments and any unanimous shareholder agreements
• Minutes of meetings and resolutions of shareholders
• Copies of Initial Registered Office Address and First Board of Directors, Change of Registered Office Address and Changes Regarding Directors
• Share register showing the names and addresses of all shareholders and details of shares held

The corporation must also prepare and maintain accounting records. Although there is no requirement for these accounting records to be available for consultation by shareholders, financial statements must be available for consultation. This ensures that shareholders can obtain information about the financial situation of the corporation, so that they are able to make appropriate decisions regarding the corporation.