Business Incorporations

Congratulations on your decision to Incorporate! Choosing the right corporate framework now lays the foundation for long-term success:

• Jurisdiction – Decide whether to incorporate Provincially or Federally.

Provincial Incorporation is ideal for local businesses operating within one province, offering a simpler setup, lower cost-structure and fewer compliance requirements.

Federal Incorporation suits businesses planning to operate across multiple provinces or territories, providing nationwide name protection and broader recognition.

• Corporation Name – You can choose a unique business name or opt for a numbered company.

A named corporation builds brand identity but requires a NUANS name search and a legal suffix (eg. Inc. Ltd., Corp.).

A numbered company is faster to register and offers added privacy.

• Corporate Structure – Consider the number of directors, share classes, ownership and control, and long-term flexibility.

These decisions shapes future growth, how your corporation is governed, and operational success.

Need guidance? BizWize is here to help you make confident, informed decisions every step of the way.

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You will receive confirmation, step-by-step guidance and the opportunity to review and approve your draft Articles of Incorporation.

Once finalized, you will receive:

• Digital Articles of Incorporation
• Company Key to manage your corporate profile.
• Complimentary Business Guide packed with tips and information including CRA business account registration, corporate compliance, recordkeeping and more – everything you need to confidently manage your new corporation.

It depends on where you plan to operate. Federal incorporation provides Canada-wide name protection and allows you to carry on business across Canada, while Provincial incorporation is often simpler and more cost-effective if your business will primarily operate in one province, such as Ontario.

For an Ontario-based business, incorporating provincially through Ontario may be the practical choice. If you expect to expand across Canada, federal incorporation may offer advantages. Although, a federally incorporated company may still need to register extra-provincially in the provinces where it conducts business.

The best structure depends on factors such as your expected income, number of owners, business risk, plans for growth, financing needs, and whether you intend to retain profits in the company.

Common options include:

Sole Proprietorship – simple and inexpensive, but you and the business are not separate legal entities.

Partnership – Suitable for businesses with two or more owners, subject to the partnership agreement and applicable liability rules.

Corporation – A separate legal entity that can provide liability protection and greater flexibility for ownership, taxation, and future growth.

Voluntary dissolution occurs when owners choose to close the business, while Involuntary dissolution happens when a government or regulatory body forces the closure, typically due to legal or compliance failures, such as a not filing annual returns.

Yes. In most cases, a dissolved corporation can be reinstated by filing the required reinstatement documents and resolving any outstanding filings or fees. The specific steps depend on whether the corporation was dissolved federally or in Ontario.

The cost depends on where you incorporate and the type of incorporation. Both – Federal and Provincial Incorporation have their own government filing fees and additional requirements.

Yes— an incorporated company is a separate legal entity and must maintain its own financial and corporate records, as well as file annual tax and information returns. BizWize provides expert support to simplify compliance, reduce administrative burdens and keep costs manageable!