{"id":10,"date":"2012-06-30T05:14:48","date_gmt":"2012-06-30T05:14:48","guid":{"rendered":"http:\/\/www.weblegal.ca\/federal-corporation\/"},"modified":"2022-11-26T00:15:42","modified_gmt":"2022-11-26T00:15:42","slug":"federal-corporation","status":"publish","type":"page","link":"https:\/\/www.weblegal.ca\/federal-corporation\/","title":{"rendered":"Canada Federal Corporation"},"content":{"rendered":"
There are a number of different types of corporations that can be created within Canada, all of which have differing benefits and disadvantages in terms of tax law. The type of corporation that a company decides upon determines specific tax deductions and rates that the corporation will be eligible for.<\/p>\n
Business enterprises can be incorporated to be governed by either territorial, provincial or federal law. Those companies governed by federal law are known as Canadian Federal Corporations<\/b>. These companies will operate from the legislature laid out in the Canada Business Corporations Act<\/em><\/b><\/a>.<\/p>\n There are a wide range of benefits related to incorporating a company to be a Canadian Federal Corporation. For one thing, a federally incorporated company is able to conduct business across the entire nation of Canada, although certain local registration requirements may still apply. Secondly, all federal corporations in the country have names that are protected and copyrighted, under the Canada Business Corporations Act. This means that no other business can assume the exact name, or a name that is similar (that could be confused) to your company.<\/p>\n Canadian Federal Corporations also hold significant responsibility, however. Corporations falling under federal corporate legislation place the directors of the corporation with the legal duty of managing the business affairs of the company in a manner that is honest, ethical and in keeping with the laws of the nation of Canada, with the corporation’s best interests in mind. Investors have access to legal recourse if they feel that the directors of the corporations are acting in a manner that is dishonest, unethical or unlawful.<\/p>\n Canadian Federal Corporations may not:<\/p>\n All Canadian Corporations must conduct business and submit corporate documentation in English and\/or French, and must maintain a registered office address within the borders of Canada.<\/p>\n If you have decided to incorporate your business federally, there is a strict process that should be followed. The first step is to complete the required documents and file these with Corporations Canada, the organization that will register your company as a federal corporation. Filing these documents can be done online, through the Corporation Canada website.<\/p>\n If you do not want to handle the incorporation yourself, you can use the services of a lawyer, or of an online incorporation service, such as Ownr.co<\/strong><\/a>.<\/p>\nWhy Incorporate?<\/h2>\n
Restrictions of Canadian Corporations<\/h2>\n
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Incorporation Process<\/h2>\n