There are several aspects to consider when applying for grants offered by the Canadian government to companies established here, and one of the most important refers to the fact that there are various programs available.
The tax domicile can have a very important impact on the taxation of an LLC in Canada. Even so, the limited liability company benefits from most of the tax advantages offered by the Canadian authorities.
Those who want to open Canadian companies as non-residents have several options to match their budgets. They can set up companies and manage them from abroad or by moving to Canada.
There are a few special programs which enable high net worth individuals to migrate to Canada. Among these, the Immigrant Investor Venture Capital Pilot Program (IIVC) is the most important.
Canada is keen on attracting businesspersons from all over the world, which is why the government enabled the entrepreneur startup visa for those interested in setting up a business and settling here at the same time.
In order to move to Canada, a foreign citizen must apply for a residence permit. There are two types of residence permits which can be obtained in Canada: the temporary and the permanent residence visa, each subject to different conditions.
Those who want to work in Canada need to apply for a work permit. The procedure can take up to a few months, which is why it is advisable to start the work permit application procedure in a timely manner.
All Canadian trademarks are registered with the Trademarks Office within the Canadian Intellectual Property Office of Industry Canada.
The taxation of companies in Canada implies the levy of the income tax on profits at a federal and provincial or territorial level, depending on how the company was registered.
Taxation in Canada implies the collection of the taxes by the Canadian Revenue Agency on behalf of the federal and provincial governments, which then distributes the collected amounts of money to the federal and local authorities.