Assistance with business setup in Canada
We provide comprehensive support for company formation in Canada — from selecting the proper province and preparing the necessary documentation to assisting with account opening
Advantages of doing business in Canada
Fully remote
Remote registration, obtaining a VAT number, and conducting business. The registration period lasts between 3 and 5 business days
Access to North American markets
Canada is a member of the trade agreement with the USA and Mexico (USMCA), providing full access to these markets
Developed Corporate Law
Reliable protection of investments and intellectual property, along with a developed venture infrastructure
Opening payment accounts
Simple opening of a bank account, subject to the director’s personal visit, or opening in a neobank
Taxation and accounting for Canadian companies
Current data as of 2026
Dividends received from Canadian companies are subject to taxation in both the country of tax residency and in Canada. Double taxation avoidance agreements allow paying 15% in Canada and crediting the paid tax when filing tax returns in your home country. However, additional contributions may apply according to local legislation.
Canada has two types of corporate income tax:
- Federal tax – 15%
- The provincial income tax rate depends on the province (average 10-14%)
Canada offers a wide system of benefits, discounts, and subsidies for businesses, especially small and innovative enterprises. Request a consultation to explore potential benefits for your business.
In Canada, depending on the province, there are three types of VAT:
- GST (Goods and Services Tax) — federal tax (5%)
- PST (Provincial Sales Tax) — provincial tax (varies by province)
- HST (Harmonized Sales Tax) — combined tax (GST + PST)
The obligation to register for a VAT number arises if the company’s annual turnover exceeds 30 000 CAD. However, having a VAT number allows for the reimbursement of paid VAT.
VAT rates in Canadian provinces:
Accounting in Canada
Canadian companies file annual financial reports.
The average costs for annual resolutions and filing are approximately €500. Additionally, businesses may order monthly accounting services or one-time CPA consultations, depending on their activity levels
Planning to start a business in Canada?
We’ll guide you through the process. Contact us now
Stages of сompany formation in Canada
Consultation
We provide an initial free 30-minute consultation to discuss basic questions about establishing your future company, including the composition of founders
Document preparation
We assist in preparing the basic set of corporate documents and conduct online verification of the founders. All procedures are carried out remotely and transparently
Setup
The company is officially incorporated in the selected Canadian province. Average processing time: 1–2 business days
Integration with the reporting system
A corporate account is set up for further interaction with local government and business services. The process takes approximately 3–5 days
Opening a business account
After completing the registration, we open a business account with a partner bank or payment platform. Estimated processing time: 3–5 days
What’s required to start a business in Canada?
Any individual or legal entity, regardless of residency, has the right to establish a Canadian company.
Basic requirements:
- At least one founder or a group of partners defines the company name, business activity, and management model
- Confirmation of intent to establish a company during an online consultation or corporate verification
- Minimum share capital — 1 CAD
- The company’s legal address may be virtual (an official mailing address for correspondence).
Account opening — a business can choose the most convenient option: a bank account in Canada or a corporate account with an international payment system such as Payoneer, Mercury, or another partner service.
Which business form to register in Canada?
Corporation (Federal або Provincial Corporation) — is the most popular and convenient type of company.
Both types of corporations can operate worldwide and are subject to the same tax rates.
A federal corporation is authorized to operate throughout the entire country, while a provincial corporation is limited to a specific province.
This structure is convenient for international companies planning remote business management or establishing representative offices.
For joint projects, partnership structures such as — General Partnership (GP) and Limited Partnership (LP):
- GP is suitable for small teams with full shared responsibility;
- and LP is ideal for investors who wish to participate in the business without being involved in daily management.
A Corporation is considered the optimal structure for e-commerce, IT, consulting, freelance, and investment projects.
Service packages for company setup in Canada
Select a solution that best suits your business needs. All packages include consultations, as well as technical and informational support at every stage of company formation. Final terms are discussed during an individual consultation.
BASIC
An optimal option for a fast business launch in Canada
- Initial consultation (30 min)
- Assistance with opening a Payoneer account
- Company registration support
- Payment of all administrative fees
- Preparation of incorporation documents
- Obtaining a corporate number for business operations
- Integration with the accounting and reporting system
- Assistance with commercial activity registration (GST/HST)
STANDARD
The best choice for companies targeting the USA and Canada
- Everything included in the Basic package, plus:
- Virtual office rental for 1 year
PRO
A reliable option with comprehensive tax support
- Everything included in the Basic and Standard packages, plus:
- Consultation with a licensed CPA (1 hour)
- CFC notification submission for Ukrainian residents
Get a free consultation on launching your business in Canada
You’ll be answered by
Ivan Chebotarov
CEO & co-Founder
Just leave your request
We’ll reply within 15 minutes during business hours
Frequently asked questions about business registartion in Canada
Canada is a member of the trilateral agreement with Mexico and the USA – USMCA. This provides Canadian businesses with free access to these markets. The country has also developed corporate legislation that facilitates investment attraction and protects corporate property rights. Opening a corporate bank account in Canada is relatively straightforward but requires a personal visit to the bank.
Taxes for non-residents are higher in Canada; however, opening a bank account in a traditional bank is significantly more difficult in the USA. The administrative process in the USA is also more complex, and penalties for late reporting are more severe. In any case, the choice of jurisdiction depends on many factors, so we recommend consulting our specialists.
The most common business forms for non-residents are Corporation (Federal or Provincial) and Partnership.
Corporations can be either federal or provincial, depending on their registration. Corporations are structurally similar to LLCs in many countries. Partnerships may be a General Partnership (GP), which carries full liability for all partners, or a Limited Partnership (LP), which offers limited liability to the investor.
Yes, non-residents are free to register a Canadian company. For provincial corporations, there is no residency requirement for directors.
Both corporate types can operate domestically and engage in foreign trade. However, a provincial corporation formally operates within the specific province where its office is registered. The director of a provincial corporation can be a non-resident, and the company name is checked only in that province.
All Canadian corporations pay income tax consisting of federal (15%) and provincial (varies by province) components.
Canada also has three types of sales tax:
- GST (Goods and Services Tax) – federal tax (5%)
- PST (Provincial Sales Tax) – provincial tax (varies by province)
- HST (Harmonized Sales Tax) – combined tax (GST + PST)
Corporations must register for VAT (GST/HST) if their annual turnover exceeds 30,000 CAD. However, this also allows them to claim VAT refunds on eligible expenses. Additionally, business owners are required to pay taxes on dividends depending on their country of tax residence.
There are only tax treaties that provide for dividend taxation at a preferential rate. No additional tax benefits are available for non-residents. However, Canada offers a wide range of incentives for various types of businesses — primarily in sectors related to environmental initiatives and the development of specific industries.
