Company formation in Canada (Ontario)
Corporation
Legal minimum, year 1£515
Legal minimum, per year after£150
Typical year 1£2,678
Corporation tax26.5%Ease Banking
Every fee
Setting up
Government fee£200
About CAD 360 provincialRegistered office agent£150 to 400
Required
NUANS name search£15 to 40
Required
Lawyer or agent£0 to 800
Optional
Share capitalNone
Time to form1 to 5 days
Running it, per year
Registered office agent£150 to 400
Required
Annual return£0
RequiredNo fee in Ontario
Accountant and T2 return£0 to 3,000
Practically needed
Legal minimum after year 1£150
Audit: Optional with shareholder consentForeign ownersOntario and BC: no resident director; federal incorporation stricterRemote via local agent
TaxAbout 26.5% combined in Ontario; small business rate only for Canadian-controlled companiesDividend withholding: 25% (treaty 5% to 15%)VAT/GST: 13% HST in Ontario
BankingMajor banks usually require a visit
Check federal resident director rules before choosing federal incorporation.
SourcesPwC: Canada corporate tax
Questions
- How much does it cost to set up a company in Canada (Ontario)?
- The legal minimum for the first year is £515, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £2,678. The government fee is £200 (About CAD 360 provincial). Share capital is not included.
- How much does it cost per year to run a company in Canada (Ontario)?
- The legal minimum after the first year is £150 a year. Running costs including optional and practically needed services range from £150 to 3,400. Audit: Optional with shareholder consent.
- Do I need a local director in Canada (Ontario)?
- No. Ontario and BC: no resident director; federal incorporation stricter.
- Can a non-resident form a company in Canada (Ontario) remotely?
- Yes. Remote via local agent.
- What is the corporation tax rate in Canada (Ontario)?
- About 26.5% combined in Ontario; small business rate only for Canadian-controlled companies. Dividend withholding: 25% (treaty 5% to 15%). VAT/GST: 13% HST in Ontario.
- How long does it take to form a company in Canada (Ontario)?
- 1 to 5 days.
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