We prepared the best quality materials for you

Opencorporationfor35 Blog

When Does Incorporating Actually Save Tax in Canada?

When Does Incorporating Actually Save Tax in Canada?

Most of what incorporation gives you is deferral, not saving. You pay the low corporate rate now and personal tax later when the money comes out. Covers the Ontario small business rate, the passive income grind, TOSI, salary versus dividends, and the capital gains exemption on a sale.

How to Open a Canadian Business Bank Account as a Non-Resident

How to Open a Canadian Business Bank Account as a Non-Resident

The corporation holds the account, not you. Incorporation takes a day; bank onboarding is where non-residents lose weeks. Covers beneficial ownership at 25%, the ISC register, Schedule I and II banks, FINTRAC identification, CRA program accounts and Part XIII withholding for foreign owners.

How Can a Non-Resident Register a Business in Ontario?

How Can a Non-Resident Register a Business in Ontario?

You can own 100% of an Ontario corporation without living in Canada, and Ontario no longer requires a resident director. What you cannot avoid is a real Ontario street address for the registered office. Covers OBCA versus CBCA director rules, required documents, government fees and CRA registration for non-resident founders.