Ontario Professional Incorporation

History

In the 2000 Ontario Budget, the government announced its intention to allow regulated professionals to incorporate their practices.

Professional incorporation would provide many of the same tax and non-tax advantages enjoyed by other incorporated self-employed individuals. However, professional liability will not be limited through incorporation and shareholders of professional corporations are restricted to members of the same profession.

Establishing a Professional Corporation

Regulated professionals who wish to incorporate their practices should consult their governing body for conditions of incorporation specific to their profession.

Members of the following professions would be eligible to operate a professional corporation:

• Chartered accountants under the Chartered Accountants Act; certified general accountants under the Certified General Accountants Association of Ontario Act; and lawyers under the Law Society Act (responsibility of the Ministry of the Attorney General).
• Audiologists, chiropodists including podiatrists, chiropractors, dental hygienists, dental surgeons, dental technologists, denturists, dieticians, massage therapists, medical laboratory technologists, medical radiation technologists, midwives, nurses, occupational therapists, opticians, optometrists, pharmacists, physicians and surgeons, physiotherapists, psychologists, speech language pathologists, and respiratory therapists under the Regulated Health Professions Act (responsibility of the Ministry of Health and Long-Term Care).
• Social workers and social service workers under the Social Work and Social Service Work Act (responsibility of the Ministry of Community and Social Services).
• Veterinarians under the Veterinarians Act (responsibility of the Ministry of Agriculture, Food and Rural Affairs).

Want More Info regarding how to complete your professional incorporation? Contact your Colleges website below.

Why Use Ontario Business Central?

Ontario Business Central Inc. has been assisting individuals to establish incorporations since 1992. We will ensure that you are completely satisfied with the set up of the incorporation prior to submitting to the Province of Ontario.

We pride ourselves on working with clients to establish their incorporations in a professional manner with dedication to you and your business. The incorporation application is very user friendly. If you need support, we are available Monday through Friday 9 am to 5pm to answer any questions.

We offer the following services to assist you in completion of your incorporation:

• Preparation of the Articles of Incorporation in draft (according to your instructions)
• Prescreening the business name for availability
• Obtaining the Nuans report (7 page printout required by the Province)
• Completion of the Professional Articles of Incorporation (available to you via email)

It is recommended that once the Articles have been prepared and forwarded to you in 'draft' you ensure with your college that the professional articles are acceptable to them prior to completion.