How Long Does Business Registration in Canada Take
In short — this is one of the fastest jurisdictions we work with. Company incorporation takes almost one day, making the whole process remarkably quick.
|
1 day
company registration
|
3–5 days
preparation of internal documents
|
from day 2
payment system account opening
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from 1 CAD
share capital
|
Important: opening a bank account in Canada requires a personal visit. A payment system account (Wise, Airwallex, Payoneer, and others) can be opened entirely remotely — and we assist with this.
Documents Required for Company Registration in Canada
For an individual:
- copy of international passport
- copy of ID or driver’s license
For a legal entity:
- full package of corporate registration documents
Everything is provided electronically. No physical copies or notarization required for the standard registration process.
What’s Included in the Cost of Company Registration in Canada
You’ll probably ask — alright, but how much does it cost? Let’s break down the cost structure honestly and in order. The final cost depends on your specific business needs and requirements. A correctly chosen jurisdiction and well-structured processes protect your company from operational risks, prevent penalties, and ensure stable performance without unnecessary overheads.
Not included in the base price: bank or payment system account opening, local legal consultations, financial reporting and bookkeeping.
Basic Package — €1,800
Included in the registration fee:
- all administrative fees
- company registration and full corporate document package
- legal address in Ontario for 1 year
- business number and HST number
- CRA registration (online taxpayer account)
Additional Services
| Service |
Price |
| Legal address rental in Ottawa (from year 2) |
€450/year |
| Annual Resolutions and Filing (submitted once per year) |
€1,200 |
| Payment system account opening |
€350 |
| Bookkeeping service for the company |
€60/month |
| Canadian legal consultations — Corporate/Business Law (30 min) |
from 200 CAD + HST |
| Consultations — Business Immigration (60 min) |
400 CAD + HST |
** All services are invoiced in UAH (at the average EUR selling rate in Kyiv) or in EUR on the date of invoicing.
Business Taxation in Canada
Let’s talk about what’s probably most relevant to you before making a decision.
Canada has two levels of corporate income tax: federal and provincial. The federal rate is 15% for all corporations regardless of province. The provincial tax is added on top. If you’re registering in Ontario, the provincial rate is 11.5%. The combined rate comes to 26.5% — a transparent and predictable figure for a jurisdiction of this calibre.
Provincial Corporate Income Tax Rates
| Province |
Tax Rate |
| Ontario |
11.5% |
| Alberta |
8% |
| British Columbia |
12% |
| Manitoba |
12% |
| New Brunswick |
14% |
| Prince Edward Island |
16% |
| Nova Scotia |
14% |
| Newfoundland and Labrador |
15% |
| Nunavut |
12% |
| Northwest Territories |
11.5% |
| Yukon |
12% |
| Saskatchewan |
12% |
| Quebec |
11.5% |
VAT — GST / HST
There’s one nuance worth knowing: Canada has three types of sales tax depending on the province. GST (Goods and Services Tax) — federal tax at 5%. PST (Provincial Sales Tax) — provincial, rate varies by province. HST (Harmonized Sales Tax) — a combined rate (GST + PST together). Registration is mandatory once annual turnover exceeds 30,000 CAD — and this also grants the right to reclaim sales tax paid on business expenses.
| Province |
VAT Rate |
| Ontario |
13% (HST) |
| Alberta |
5% (GST only) |
| British Columbia |
12% (5% + 7%) |
| Manitoba |
12% (5% + 7%) |
| New Brunswick |
15% (HST) |
| Prince Edward Island |
15% (HST) |
| Nova Scotia |
15% (HST) |
| Newfoundland and Labrador |
15% (HST) |
| Nunavut |
5% (GST only) |
| Northwest Territories |
5% (GST only) |
| Yukon |
5% (GST only) |
| Saskatchewan |
11% (5% + 6%) |
| Quebec |
14.975% (5% + 9.975%) |
Double Taxation — Worth Keeping in Mind!
Don’t forget: income received from a Canadian company must be declared and taxed in your country of tax residence. If you’re a Ukrainian tax resident — that’s 9% personal income tax plus 5% military levy (effective 01.01.2025). If you’re a resident of another country, the terms of the applicable tax treaty will apply.
Video: Company Registration in Canada
Video content is being prepared — stay tuned on our YouTube channel.
From Our Experience: What Entrepreneurs Solve Through a Canadian Company
Over years of practice I’ve seen very different starting situations — and each time I’m convinced: choosing the right jurisdiction solves far more than it seems at the outset.
Case 1 — IT / SaaS
[to be added by the client — situation]
Solution: Federal Corporation in Ontario
[to be added by the client — result]
Case 2 — E-commerce
[to be added by the client — situation]
Solution: Corporation + payment system account
[to be added by the client — result]
Case 3 — Entering the North American Market
[to be added by the client — situation]
Solution: Federal Corporation + legal address in Ontario
[to be added by the client — result]
Why Entrepreneurs Choose Finevolution
- One-stop service. We support you at every stage — from choosing a jurisdiction to preparing reports and opening an account. No need to juggle multiple providers.
- 100% on time. We meet agreed deadlines. We can’t control delays on the part of state registrars — but we always inform you well in advance.
- Transparency. We flag any potential additional costs upfront. No surprise invoices once work has begun.
- 7+ years of experience. Since 2017, we’ve been guiding entrepreneurs in international business. Canada is one of the jurisdictions we work with systematically.
- Fully compliant operations. Official contract only, payments to a registered business account. No grey schemes.
- Premium support. Response within 10 minutes during business hours. A dedicated account manager who knows your situation.
Frequently Asked Questions About Company Registration in Canada
Can a non-resident of Canada open a company?
Yes. Any individual or legal entity can be a founder, including non-residents of Canada. There are no requirements for local directors or partners. Two documents submitted electronically are sufficient for registration.
How long does company registration in Canada take?
Registration itself takes 1 day. Preparation of internal corporate documents — another 3–5 business days. A payment system account can be opened as early as day 2 after registration.
What is the minimum share capital?
From 1 CAD. No mandatory deposit requirements at the point of registration.
What is the difference between a Federal and Provincial Corporation?
A Federal Corporation operates across all of Canada and in any jurisdiction worldwide, without provincial restrictions. A Provincial Corporation is registered in a specific province. For non-residents, we recommend Federal — greater flexibility and a stronger corporate profile with international partners.
Is document legalization required?
No — if you are a citizen of Ukraine or Poland. A bilateral convention between Canada and these countries eliminates the need for legalization. All documents are submitted electronically.
How do I open a bank account for a Canadian company?
A bank account requires a personal visit to Canada. A payment system account (Wise, Airwallex, Payoneer, and others) can be opened remotely. Based on our clients’ experience, we recommend this as the first step — service fee: €350.
Is annual reporting required?
Yes. Annual Resolutions and Filing are submitted each year — our team manages this process. Cost — €1,200. Bookkeeping — from €60 per month.
What types of business is a Canadian company suitable for?
IT, SaaS, e-commerce, fintech, cleantech — and any business focused on the North American market. If you’re looking for zero taxation or complete anonymity, Canada is not the right fit for those purposes.
Related Services
| Service |
Price |
Payment System Account Opening
We help you choose the right solution, pass compliance, and connect — fully remotely. |
€350 |
Bookkeeping
Accounting support for your Canadian company: recordkeeping, reporting preparation, ongoing assistance. |
€60/month |
Premium Support
A dedicated manager available within 10 minutes during business hours. Available to Finevolution clients. |
€50/month |
International Business Setup
If Canada is part of a more complex structure: holding company, operating entity, payment infrastructure. |
Custom |
Our team has been supporting entrepreneurs in international business for over 7 years. Whether you’re still weighing up jurisdictions or ready to register — we’ll review your situation and put together a concrete action plan. We work Monday through Friday, 9:00 AM to 7:00 PM. To book a consultation, send a request via the form below or message us on Telegram, Viber, or WhatsApp.
Your personal manager — Olena Kucheryuk
