We offer you everything you need to create and maintain a corporation under the federal laws governing corporations in Canada. The balance of tax, which is the tax payable for the tax year after you have deducted the instalments already made for the year, is paid on your balance due date, which is generally three months after the end of the tax year for a Canadian-controlled private corporation or two months after the end of the tax year for a non Canadian‑controlled private corporation. Gather the information you need to find an Ontario corporation.
If you have opted to bring your incorporation into a Province the business is registered within, we provide this information as well. This can be you or someone you are completing the incorporation for, Click on the applicable share structure for either 1 or 2 classes of shares or provide your own share structure template, Provide the credit card holders details. incorporate your business under Ontario laws, operate in Ontario, if you are incorporated outside Ontario.
A federal NUANS report is mandatory with completing the Articles of Incorporation or Incorporation documents with the federal government.
When ordering a numbered corporation, the process is moved to the incorporation preparation documents forms 4001 and form 4002 for incorporation with the federal government. Generally, every corporation carrying on business in Ontario through a permanent establishment must file the T2 return with the Canada Revenue Agency no later than six months after the end of the tax year. The Canada Revenue Agency administers Ontario's corporate income tax, corporate minimum tax and the special additional tax on life insurers. Contact Us. Once filed, you will receive an Ontario corporation number that establishes the corporations present within Ontario for the Provincial Government.
To do this, fax a written request to 905 433-5418.
Do you need to incorporate federally or provincially? More about the T2 corporation income tax return. The Initial Notice and Notice of Change are the same form. When you are opting for a federal or Canada Incorporation, the corporate name choice is very important.
This number is required to file your Corporations Information Act annual return. There are a number of words used to describe the incorporation and to provide a few more, you may see or read these encompassing words such as Articles of Incorporation, incorporated company, limited liability corporation or company, and corporation in Canada.
You need the corporation name and if possible, the Ontario Corporation Number (OCN) or Business Identification Number … The government fee to complete the Annual Return is minimal and currently is $20.00. For tax years ending on or after January 1, 2009, Ontario corporations and foreign business corporations licensed to carry on business in Ontario may file this annual return with the Canada Revenue Agency. Please maintain this addition to your corporate records.
It is up to you whether you incorporate in the Province the corporation will operate within or determine to federally incorporate.
More about the Ontario Ministry of Government and Consumer Services annual return. T2 Returns and Guides for tax years ending on or after January 1, 2009 from the Canada Revenue Agency. More about changing your corporationâs jurisdiction. Your Ontario Corporate Number identifies your corporation, and can be found on your Articles of Incorporation. Online Filing Centre — Fast, simple, secure. Contributors Canada Revenue Agency; Report a problem or mistake on this page. In many jurisdictions it is a requirement and is highly endorsed by those within the legal community. This filing takes 25 business days to process. We are looking for businesses and clients to provide feedback to shape future services. What is required to be a director of a Canadian Incorporation? When ordering a federal named corporation, our first item is to check your business name for availability. Owners of unincorporated businesses are however, liable for personal income tax on an individual basis. Federal incorporation may cost more. If you need help finding this number, Ontario Business Central can assist. Upfront pricing - our pricing are provided on the ordering page so you know exactly what you are paying for as you choose your items, Be assured you will be taken step by step through the incorporation process with email correspondence throughout the process, The pricing for your incorporation is listed at the bottom of the ordering page so you see exactly what you are paying for before you proceed, Provide the business name you wish to incorporate or if a numbered company, simply select the legal ending. reach out and speak with one of our expert staff. CRA registration and provincial or other federal programs. In most cases the Ontario corporations tax account number is automatically generated after the information is received from the Ontario Ministry of Government and Consumer Services. The federal business name is reviewed against any other businesses and trademarks around Canada. How to request a reassessment of your T2 return.
After incorporation, you may also want to consider the following: Along with this information, a free bizguide is provided to you when you incorporate with Ontario Business Central. The T2 return and applicable schedules would include the following Ontario corporation taxes: corporate income tax, including refundable tax credits, corporate minimum tax and the special additional tax on life insurance corporations.
The process takes 3-4 business days and we will receive your Ontario corporate number from the Provincial Government and forward it to you. For tax years ending on or after January 1, 2009, the Canada Revenue Agency processes all T2 returns (these returns include necessary Ontario schedules).