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Ontario Incorporation Vs. Federal Incorporation

 

Both jurisdictions for incorporation offer the following:

The differences between the two jurisdictions available for incorporation are as follows:

Ontario Incorporation

Federal Incorporation

Higher start up costs, government fee $360
Lower start up costs, government fee $200
One mandatory filing after incorporation
Yearly mandatory filings @ $50 per year
Less formalities
More formalities
Business name protection in Ontario only
Higher name protection within Canada
Limited foreign recognition (Ontario)
Higher foreign recognition (Canada)
Easier name acceptance
Business name must be accepted by federal examiner

 

There are advantages and disadvantages to both legal entities. Depending on the importance of name protection within Canada, name accessibility to register the corporation in other Provinces, the interaction of foreign individuals/corporations, the administration requirements each format of incorporation has its merits and limitations.

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