The sole proprietorship or sole trader is, just like in other countries, the simplest form of starting a business in Canada.
In order to close down a company, the Articles of Dissolution must be prepared and filed with the Canadian Trade Register.
The shareholders of Canadian companies have the right to make various changes in their companies, case in which Articles of Amendment are required for filing with the Trade Register.
According to the Company Law, all small, medium-sized and large companies registered at a federal, territorial or provincial level in Canada are required to prepare and file annual returns.
Our specialists in company formation in Canada can offer registered agent services to extra-provincial corporations interested in operating in this country.
The extra-provincial corporation is one of the most popular business forms among foreign investors, however, a license for such a business is required alongside the appointment of an agent for service the extra-provincial corporation in Canada.
The extra-provincial license falls under the provisions of the Extra-Provincial Corporations Act.
When it comes to other reasons for opening a business in Canada, we have stopped at 7 such reasons which make the country very appealing.
We have prepared a guide on how to apply for a business number (BN) when registering a company in Canada.
It is important to know that the accounting requirements imposed on companies in Canada depend very much on the type of business registered with the Trade Register.