Incorporation Options When You Launch a Business
Incorporating your business can protect your personal assets, improve credibility, and even offer tax advantages. But choosing the right type of incorporation can be confusing. At Launch a Business Inc., we break down your options so you can decide what’s best for your business in Canada.
Federal vs Provincial Incorporation
Federal Incorporation:
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Let's you operate across Canada.
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Stronger protection for your business name.
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Slightly higher costs and more paperwork.
Provincial Incorporation:
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Best if you only plan to operate in one province, like Ontario.
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Lower costs and simpler registration process.
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Name protection is limited to the province.
Check out Step-by-Step Guide to Launch a Business in Ontario for more on provincial considerations.
Costs and Timelines
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Federal Incorporation: Typically CAD $200–$300 online; processing usually a few days.
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Provincial Incorporation: Fees vary by province; timelines generally a few days to a few weeks.
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Additional costs may include legal help, NUANS reports, and corporate searches.
For more details, see our Start a Business Page.
When to Incorporate
You don’t have to incorporate immediately. Many entrepreneurs start as sole proprietorships or partnerships.
Incorporate when:
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You need liability protection.
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You plan to grow or hire employees.
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You want certain tax advantages.
Learn more about choosing a structure in How to Launch a Business in Canada.
Benefits of Incorporation
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Limited Liability: Your personal assets are generally protected.
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Credibility: A corporation may inspire more trust with clients and investors.
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Tax Advantages: Potential to pay less tax depending on your structure and income.
For a full checklist of steps, see Launch a Business Checklist.
Ready to Incorporate Your Business?
Our team at Launch a Business Inc. can help you decide whether federal or provincial incorporation is right for you, handle the paperwork, and guide you through the process from start to finish.