From Incorporation to Closing: Every Stage of Your Corporation
Incorporation is the first of six stages in a corporation's life, and the choices you make on the incorporation form shape every stage after it. Open Corporation for $35 handles the first stage, and the same CPA firm, Gondaliya CPA, handles the rest. Open Corporation for $35 is a department of Gondaliya CPA.
Which incorporation choices matter later?
| Choice | Stage where it matters | Why |
|---|---|---|
| Share classes and who holds them | 5. Owners' personal tax | Dividends are paid by class of share, so the structure decides who can be paid and how. Dividends paid to family members can be taxed at the top rate under the tax on split income rules, so the structure needs planning |
| Federal or provincial | 3. Operations start | Decides which registry gets your annual return and which name protection you have |
| Directors | Every stage | Directors sign for the corporation and can be personally liable for unremitted payroll deductions and GST/HST |
| Registered office address | Every stage | Where the registry sends official notices |
| Year end, chosen by the directors after incorporation | 2. Before operations start, and every year after | Sets the due date of every T2 return |
Changing a share structure later takes articles of amendment, with their own government fee, so it is simpler to set it up correctly on the incorporation form.
One CPA Firm for Every Stage of Your Corporation
Open, file, grow and close your corporation with one CPA Ontario Registered Firm, at transparent fees at every stage.
| Stage | What we do | Where | Why clients choose it |
|---|---|---|---|
| 1. Open your corporation | Federal or provincial incorporation online, NUANS name search, CRA business number | Open Corporation for $35 opencorporationfor35.ca | Our fee from $35, Lowest Price Guarantee in Canada (60-day fee matching), transparent pricing, one simple form, no email chains, no appointment needed |
| 2. Before operations start | Nil T2 return every year until the corporation starts operating | Corp Nil Filing for $300 corpnilfilingfor300.ca | $300.00 plus HST per tax year, one simple form, sign Form T183CORP on the same screen instantly, CRA confirmation within 3 business days, no call, meeting or email chain needed |
| 3. Operations start | Bookkeeping setup, tax-efficient corporate structure, corporate tax (T2), GST/HST, tax planning, CRA audit support, corporate compliance | Gondaliya CPA gondaliyacpa.ca | See your final fee and sign your engagement letter on the same screen, fixed annual fees, weekend availability |
| 4. Growth | CPA-signed compilation engagement report for bank financing | Gondaliya CPA compilation reports gondaliyacpa.ca | Prepared by the same CPA team that keeps your books |
| 5. Owners' personal tax | Personal tax (T1) for directors, shareholders and their families, filed alongside the corporation's return | Gondaliya CPA gondaliyacpa.ca | Salary, dividends and both returns planned together |
| 6. Closing | Close the corporation tax-efficiently at the corporate and personal level | Gondaliya CPA closing services gondaliyacpa.ca | Final T2, CRA accounts closed and the payout planned before any money moves |
All three websites are part of Gondaliya CPA Professional Corporation, CPA Ontario Registered Firm, ID 61330051, with 1300+ 5-star Google reviews and a multiple award-winning team.
Open Corporation for $35 is a department of Gondaliya CPA.
Stage 1: How do you open the corporation?
Here, online, in four steps. See how to open your corporation online. Our fee starts at $35, the government fee is charged at cost, and our fee is backed by the Lowest Price Guarantee in Canada.
Stage 2: What if the corporation does not operate yet?
It still files a T2 every year. Corp Nil Filing for $300 files the nil years at $300.00 plus HST per tax year. Sign Form T183CORP on the same screen instantly.
Stage 3: What happens when it starts operating?
Gondaliya CPA sets up the books, opens the CRA accounts the corporation needs, and files its T2, GST/HST and payroll returns through the year.
Stage 4: What does the corporation need to borrow?
Usually financial statements. Gondaliya CPA prepares a CPA compilation report from the books it already keeps for you.
Stage 5: How are the owners paid?
By salary, dividends or both, decided with both tax returns in view. Gondaliya CPA files the owners' personal returns alongside the corporation's return.
Stage 6: How is the corporation closed?
Closing has a registry side and a tax side. The registry side is the articles of dissolution, covered by our corporate dissolution service for federal and Ontario corporations. The tax side, the final returns and the payout to the owners, is handled by Gondaliya CPA.
Open Corporation for $35 is a department of Gondaliya CPA. One firm can take your corporation from its articles of incorporation to its articles of dissolution.
Frequently Asked Questions
Can I change the share structure after incorporation?
Does a corporation that never operates still have filings?
Who signs the corporation's tax returns?
Are directors personally liable for the corporation's taxes?
Can I use Gondaliya CPA without incorporating here?
Who runs Open Corporation for $35?
Who Reviewed This Page
Sharad Gondaliya, CPA
- CPA Ontario member 61040184 (verify on the CPA Ontario directory). Also a US CPA in Washington and Montana.
- Gondaliya CPA Professional Corporation, CPA Ontario Registered Firm, ID 61330051 (verify the firm).
- Registered EFILE electronic filer. 1300+ 5-star Google reviews. Multiple award-winning team, 2026 Xero Awarded Firm.
- 55 Queen St E, Suite 1205, Toronto, ON M5C 1R6. 647-212-9559. info@opencorporationfor35.ca. Open 9:00 AM to 8:30 PM, Monday to Sunday.
- Open Corporation for $35 is a department of Gondaliya CPA.
Last reviewed: October 14, 2026, by Sharad Gondaliya, CPA.
Start With Stage One for $35
Our fee from $35, HST included, with the government fee shown separately at cost. Open Corporation for $35 is a department of Gondaliya CPA.
Open Corporation for $35 is a department of Gondaliya CPA.
