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Corporations Canada is Canada's federal corporate regulator, operating under Innovation, Science and Economic Development Canada. It is responsible for administering laws regarding the incorporation of Canadian businesses as well as "corporate laws governing federal companies, except for financial intermediaries ."
The Canada Business Corporations Act (CBCA; French: Loi canadienne sur les sociétés par actions) is an act of the Parliament of Canada regulating Canadian business corporations. Corporations in Canada may be incorporated federally, under the CBCA, or provincially under a similar provincial law.
[(b)(8)(ii)(A)] The following entities will not be treated as corporations under paragraph (b)(8)(i) of this section: (1) With regard to Canada, a Nova Scotia Unlimited Liability Company (or any other company or corporation all of whose owners have unlimited liability pursuant to federal or provincial law)....
You'll file Form 941 quarterly to report employee federal withholdings.
According to the current CRA web page, in Newfoundland and Labrador corporate tax rates span from 3 per cent at the lowest rate to 15 per cent at highest rate; in Nova Scotia from 3% to 16%, in New Brunswick from 2.5% to 14%, in Prince Edward Island from 3%to 16%, in Ontario from 3.2% to 11.5%, in Manitoban 12% in Saskatchewan, from 2% to 12% ...
The department was known as Industry Canada (IC) prior to 2015. The department is led by the minister of innovation, science and industry (currently François-Philippe Champagne ), who also serves as the registrar general of Canada and is responsible for the department to Parliament .
Forming a company via the paper filing method can take up to 4 weeks but nowadays the majority of UK companies are formed the same day electronically. Companies can be created by individuals, specialised agents, solicitors or accountants. Many solicitors and accountants subcontract incorporation out to specialised company formation agents.
[4] [5] [6] EDC was founded in 1944. Its corporate headquarters is located in Ottawa, Ontario, and it has 21 regional offices across Canada and permanent representations in 21 cities in 15 foreign markets. [7] [8] EDC also owns FinDev Canada, the governmental development bank set up in 2018.