Everything You Need to Know to Get Started
Incorporating your business in Ontario can offer major advantages β from tax benefits to legal protection.
Whether you’re launching a tech startup or a local service company, incorporating creates a clear distinction between you and your business.
β Why Incorporate?
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Limited liability: Protect your personal assets from business debts or legal claims.
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Professional image: Incorporated businesses appear more credible to banks, clients, and partners.
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Tax benefits: Corporations enjoy potential tax planning advantages, including income splitting and deferral.
π Steps to Incorporate in Ontario
- Choose a Name
Decide on a unique business name. You can also operate under a numbered corporation (e.g., 1234567 Ontario Inc.). - Conduct a NUANS Name Search (if applicable)
If you’re registering a named corporation, a NUANS report checks for existing similar names. - File Articles of Incorporation
You can file online with the Ontario Business Registry or through a trusted legal document service. - Create a Corporate Minute Book
This includes your corporate bylaws, resolutions, share records, and meeting minutes. - Register for Licenses & Taxes
Depending on your business type, you may need to register for HST, payroll, WSIB, and other licenses. - Maintain Ongoing Requirements
Keep your corporation in good standing by filing annual returns and maintaining corporate records.
π‘ Do It Yourself or Use a Service?
You can incorporate directly through the Ontario government portal, but it can be time-consuming and confusing. Many entrepreneurs choose an online legal service to simplify the process and ensure compliance.
Affordable Incorporation Package (Ontario)
Ready to incorporate your Ontario business?
If youβre ready to start creating your Ontario Incorporation Documents, consider using a trusted online service provider.