Draft for professional review before publication. General educational information only; not personalized tax, financial or legal advice.
Clarify your business needs
Think about your ownership structure, operations and future plans. Federal and provincial incorporation involve different considerations.
Plan the administration
A corporation has record-keeping, accounting and filing responsibilities. Plan how you will maintain corporate documents and organize business finances.
Get the right advice
Discuss accounting setup and tax considerations with a suitable adviser. For legal questions about structure, ownership or obligations, consult a qualified lawyer.
For current official requirements, consult the Canada Revenue Agency or an appropriate adviser.
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