Company Corporation in Canada
Company Corporation in Canada A company corporation in Canada is a separate legal entity established under Canadian corporate law. Unlike a sole proprietorship, the corporation generally exists separately from its shareholders and can own property, enter contracts, conduct business and incur obligations in its own name. For entrepreneurs, the key decision is not simply whether to create a corporation. You also need to determine where to incorporate, how ownership will be structured, who will manage the corporation, where it will operate and which registrations will be required afterward. Canada provides both federal and provincial or territorial incorporation routes. A federal corporation is incorporated under the Canada Business Corporations Act (CBCA), while provincial and territorial corporations are incorporated under the legislation of the jurisdiction where they are established. For foreign entrepreneurs, a Canadian corporation can provide a formal structure for entering th...