HomeFAQs IS IT BETTER TO INCORPORATE FEDERALLY OR PROVINCIALLY?
IS IT BETTER TO INCORPORATE FEDERALLY OR PROVINCIALLY?
It depends. A Federal incorporation
is a better option if you intend to expand your
business outside your province. The name you
incorporate Federally has protection across the
country. Also, if you do international trading, a
Federal corporation has better name recognition.
There may be places where they put more importance
on the reliability and importance of a Federal
corporation.
On the other hand, if you intend to
operate in your own province only, you may
incorporate provincially. Even in this case, you can
still incorporate Federally, if you wish so.
A double-barrelled shot of tumbling oil prices and more bad news from one of Canada's big banks pushed the S&P/TSX composite index under 8,000 points for the first time in more than five years.
Finance Minister Jim Flaherty announced Thursday he will deliver a long-awaited economic update next week, even as a newly released report forecast a possible $5.3 billion in federal deficits over the next two years.
Federal Industry Minister Tony Clement said Thursday the Big 3 domestic automotive companies and their unions need to come up with a plan for the industry's long-term future.
