CorpCanada Services Inc.

11/03/2021

If you own an Ontario corporation formed before October 19th this year you will need to obtain a company key in order to complete many routine transactions with the province including filing annual information returns (previously part of your corporate tax return), registering tradenames and the like.

For more information please visit

The new Ontario Business Registry allows businesses and not-for-profit corporations to complete over 90 transactions online, including registering, incorporating, and updating their information.

06/03/2021

2001 to 2021, time files.......

02/07/2021

There are very few companies that can say that they've held prices steady for 20 years. We have....in 2001 we introduced Canada's best value for small business incorporations ($499.99 for a complete federal corporation) and the price is still the same.

04/24/2020

https://nationalpost.com/news/canada/covid-19-feds-provinces-to-cover-75-per-cent-of-rents-for-small-businesses-impacted-by-virus

The federal help will be provided in partnership with the provinces and territories, which have jurisdiction over rents

12/19/2019

Is it time to form a holding company?

In last year's budget there was a significant change to the way passive (investment / net rental income etc) income is treated by Canadian controlled private corporations earning active business income. Specifically that any passive income in excess of $50,000 will result in a reduction of the small business deduction by $5 for every $1 of passive income above the threshold.

Accordingly if your corporation earned $150,000 in passive (investment / net rental income etc) as well as active business income you could end up paying the full corporate tax rate on all of your income rather than the reduced rate on the first $500,000.

The good news is that this may be avoided by transferring the asset using a section 85 rollover and deferring any capital gains that may normally arise on a disposition.

12/16/2019

I have long been a fan of incorporating federally rather than provincially whenever it can be done.

I ran into a situation today that reinforces my preference for federal corporations and it's one that nay business owner may, at one time or another, face. Specifically, replacing lost or misplaced Articles of Incorporation.

Ontario, apparently, is still back in the stone ages in that replacements are only available by ordering (and picking up in person) microfiche of the original documents then finding a microfiche reader / printer.

Industry Canada, on the other hand, makes them available on-line and pretty much in real time for a nominal fee.

11/06/2019

Be very cautious about giving out personal information.

Scam artists are using phone numbers from more than a dozen federal government departments to defraud Canadians — making it look as if the calls are coming from legitimate government agencies and police departments — CBC News has learned.

09/20/2019

We may just be the only company that hasn't raised prices since our founding in 2001, in fact some are even lower than they were then.

In 2001 our complete federal incorporation package was $499.99 (including taxes and disbursements) and still is today. NUANS reports were $34.95 in 2001 and are now available for as little as $19.95 plus taxes.

05/31/2019

If you have a private federally incorporated company in Canada you should be aware of new minute book reporting requirements.

Bill C-86 amended the Canada Business Corporations Act to make the ownership of private corporation more transparent.

As of June 13, 2019 all private federal corporations must have a register that lists the following information for individuals who have "significant control" ie 25% or more of the corporation's voting shares.

Affected private federal corporations must maintain a register that includes the following information for each individual with significant control of such corporation:

Name, date of birth and last known address
Jurisdiction of tax residence
Date the individual became or ceased to be an
individual with significant control
Description of how the individual meets the significant control threshold

These records must be update annually.

Here's an excellent article that goes into more detail....

The Budget Implementation Act, 2018, No. 2, which amends several federal statutes, including the Canada Business Corporations Act, received royal assent on December 13, 2018. Canada Corporate/Commercial Law Borden Ladner Gervais LLP 18 Jan 2019

05/10/2019

For the past 18 years we've been Canada's price and service leader for corporate minute book sets and this month we're shaking things up again....our regular price is $119.95 plus taxes (compared to our competitor's $159 plus taxes and shipping). Until May 31st they're only $99.95 plus taxes delivered to your door (on-line orders only)

Our package includes the binder, slip cover, tabs, registers, share certificates and corporate seal.

To order please visit www.corpcanada.ca

11/07/2018

This year marks the 100th anniversary of the end of World War I, the "war to end all wars".

In the intervening years Canada has heeded the call to defend freedom and we owe a debt of gratitude to our men and women who have valiantly served.

This November 11th at 11:00 AM take a moment to silently reflect upon the sacrifices made so the we can enjoy peace and freedom in this great land.

05/17/2018

Here's a good reason to order a NUANS report periodically for your existing business name. Had this business owner been aware of the application for the trademark in 2009 he may have been able to oppose the application by Tommy Gun's.

The owner of Tommy's Barber Shop on Albro Lake Road says he has no intention of changing the name of his operation despite a cease-and-desist letter sent to him by a competitor.