FAQ

Frequently Asked Questions

What is an Annual Return?

An Annual Return is a mandatory yearly filing required by most Canadian jurisdictions to keep your corporation in “Good Standing.” This is a corporate compliance requirement and is completely separate from your tax filings with the CRA.

Failing to file your annual return can lead to late fees, a status of “not in good standing,” or even the involuntary dissolution (closure) of your corporation by the government.

Jurisdiction

Filing Deadline

Consequences of Non-Compliance

Federal

Within 60 days of the incorporation anniversary.

Dissolution after 2 consecutive years of missed filings.

Ontario

Within 6 months of your fiscal year-end.

Initial Notice also required within 60 days of incorporation.

Alberta

By the end of the anniversary month.

Status changed to “Struck” after 2 consecutive missed years.

British Columbia

Within 60 days of the anniversary month.

Loss of “Good Standing” after 2 months; potential cancellation after 2 years.

Manitoba

By the end of the anniversary month.

Corporation cancelled after 2 consecutive missed years.

Saskatchewan

One month after the anniversary date.

Immediate late fees; “Struck” from the registry after 2 months.

What is a Company Key?

A Company Key is a unique 9-digit security code issued by the Province of Ontario. It acts as a digital signature, allowing business owners, authorized individuals, or service providers to securely submit official filings on the company’s behalf.

This key is automatically sent to your registered email address upon incorporation; however, if you need to request a new one, it will be sent via physical mail to your primary business location.

What is the difference between a Company Key, BIN, and BN?

While they all sound similar, these three identifiers serve very different purposes for your business:

  • Company Key: Think of this as your private security password for the Ontario Business Registry. It is a unique code used to authorize filings and make official changes to your corporation.
  • Business Identification Number (BIN): This is a 10-digit provincial number issued by Ontario. It identifies your specific business name registration (Master Business Licence) within the province.
  • Business Number (BN): This is a 9-digit federal tax ID issued by the Canada Revenue Agency (CRA). You’ll use this for corporate income tax, HST, payroll, and import/export accounts.
What is a NAICS Code?

The North American Industry Classification System (NAICS) is a standardized coding system used to identify a company’s primary industry based on its main business activities. While the Province of Ontario uses these codes for statistical tracking and data collection, your business is not strictly limited to the activities outlined in the pre-determined description.

Can a foreign non-profit or charity operate in Ontario?

Yes. Ontario allows non-resident non-profit corporations and charities to register and carry out their activities within the province. To do so, foreign entities must typically obtain an Extra-Provincial License under the Extra-Provincial Corporations Act to ensure they are legally recognized to operate locally.

What is the difference between a BIN and a BN?

While they sound similar, these numbers are issued by different levels of government for different purposes:

  • Business Identification Number (BIN): This is a 9-digit number issued by the Province of Ontario. It identifies your specific business name registration (like a Master Business Licence) within the provincial system.
  • Business Number (BN): This is a 9-digit registration number issued by the Canada Revenue Agency (CRA). It is used for federal tax purposes, such as GST/HST, payroll deductions, and corporate income tax.
Is my Corporate Number the same as my HST Number?

No, they serve two different purposes. Your Corporate Number is a unique ID issued by the provincial or federal government to identify your business entity upon registration. In contrast, an HST Number is a tax identification number issued by the Canada Revenue Agency (CRA) specifically for collecting and remitting sales tax.

Can one person own a corporation?

Absolutely. You can be the sole shareholder, director, and officer of your own corporation. If you are a Canadian citizen or Permanent Resident (18+ and without an undischarged bankruptcy), you can incorporate federally or provincially.

Not a Canadian resident? No problem you can still establish and own a corporation by incorporating in the province of British Columbia, which does not have local residency requirements for directors.

How long does a corporation last?

A corporation has a perpetual existence, meaning it never expires and doesn’t require re-registration. To keep your corporation active, you must remain compliant with provincial or territorial requirements typically by filing an Annual Return and stay current with your corporate tax filings. Failure to meet these ongoing obligations can lead to the government dissolving or cancelling your corporation.

Do I Really Need a Corporate Minute Book and Seal?

In many jurisdictions, such as Ontario, maintaining these corporate supplies is a legal requirement. Here is how they function for your business:

  • The Minute Book: Think of this as your corporation’s official diary. It uses organized tabs to track key stakeholders and archive the formal minutes of your business meetings.
  • The Corporate Seal: Historically used to “bind” a company to a legal agreement, the seal is used less frequently today for instance, most banks no longer require one to open an account.

Pro-Tip: Because these items are often used together, they are typically offered as a bundled package to ensure your business remains compliant from day one.

Questions About Registering a Business

Do I need to register my business?

If you choose not to incorporate but plan to operate under a specific business name, registration is required. The only exception is if you are operating solely under your own legal first and last name (e.g., John Smith).

What is a Business Name Registration?

A Business Name Registration is a provincial government filing that authorizes an individual or corporation to operate under a specific name for a five-year term.

Formerly known as a Master Business Licence, this registration was rebranded and updated following the launch of the new Ontario Business Registry on October 19, 2021. Depending on your business structure, you can register in one of three ways:

  • Sole Proprietorship: For individual owners.
  • General Partnership: For two or more partners.
  • Trade Name: For an existing Corporation operating under a different name (an “Operating As” or O/A name).
What is the difference between a Sole Proprietorship, General Partnership, and Trade Name?

While they all relate to how you brand and run your business, they serve very different legal purposes:

  • Sole Proprietorship: This is the simplest business form, where one individual operates the business alone. Legally, there is no separation between the owner and the business.
  • General Partnership: This structure is formed when two or more people go into business together. Partners share in the profits, management duties, and legal liabilities.
  • Trade Name: Often called an “Operating As” or “DBA” (Doing Business As) name, this is not a business structure itself. Instead, it is a registered name that allows an existing Corporation or entity to conduct business under a name different from its formal legal title.
What happens if my Master Business Licence expires?

If your licence has expired, you have a 60-day grace period to complete a renewal. Once this 60-day window closes, the registration is officially cancelled and cannot be renewed. To continue operating, you will need to apply for a brand-new registration instead.

Do You Offer Rush Services?

Absolutely. While most of our registrations are already completed on the same day, we offer a dedicated Rush Service for those who need to move even faster. For a minimal additional fee, we can process your Incorporation or Business Registration within 2 to 3 hours even late into the business day. Whether you have a pending bank appointment or a tight deadline, we’ll ensure your business is up and running in record time.

Is a Small Business Registration the same as a Master Business Licence?

Yes. While the terminology can vary, “Small Business Registration” and “Master Business Licence” (MBL) refer to the same essential document required to legally operate a sole proprietorship or partnership under a specific business name.

Can I change my business name?

It depends on your business structure. Master Business Licences cannot be edited; if you want a new name, you must register a completely new licence. However, Corporations do have the flexibility to change their legal name. If you are incorporated, Bizincs can help you file the necessary Articles of Amendment to make the transition official.

Can I update my business address?

Absolutely. Whether you need to update a Master Business Licence or a Corporate filing, we handle the paperwork to ensure your address change is processed accurately with the appropriate government authorities.

Do I Need to Register My Business?

In Canada, any operational business must be registered with the Provincial or Federal government to legally conduct business. The only exception to this rule is if you are operating a sole proprietorship under your own full legal name (e.g., JOHN SMITH) without adding any other words.

Can I update my address during my business registration renewal?

Not exactly. Under the current Ontario Business Registry system, you cannot update your address and renew your Master Business Licence (now called a Business Name Report) in a single step.

To ensure your records are accurate, you must first file an amendment to update your business address. Once that change is processed, you can then proceed with your renewal.

What is the difference between a Trade Name and a Trademark?

While both terms relate to your brand identity, they serve very different legal purposes:

  • Trade Name (Operating Name): This is the name your corporation uses to do business with the public (often called a “Doing Business As” or DBA name). It identifies your business entity for provincial registration and tax purposes. Bizincs can quickly assist you with this registration.
  • Trademark: This provides the highest level of intellectual property protection in Canada for names, logos, or slogans. Unlike a trade name, a trademark grants you exclusive nationwide rights to your branding. Because this requires specialized legal filing through a Trademark Agent, Bizincs does not provide this service.
How Do I Change Information For My Corporation?

At Bizincs, we make it easy to keep your corporate records current. Most details of an incorporated business can be updated by filing the appropriate documentation:

1. Articles of Amendment

You must file Articles of Amendment if you are changing any of the following:

  • The legal name of the corporation.
  • The share structure or corporate provisions.
  • The minimum or maximum number of directors.

2. Notice of Change or Annual Return

For administrative updates, a Notice of Change or Annual Return is used to modify:

  • Personnel: Adding, removing, or updating Directors and Officers.
  • Addresses: Changing the residential address of a director/officer or the corporation’s registered/mailing address.

Pro Tip: Once your filings are processed, you can immediately request a fresh Entity Report to keep for your official records.

How do I cancel or dissolve my corporation?

To officially close your business, you must file Articles of Dissolution, a process similar to your original incorporation. The requirements vary based on your jurisdiction:

  • Ontario Corporations: You need a consent letter from the Minister of Finance. Fortunately, this is handled automatically when you submit your dissolution paperwork through our system.
  • Federal (Canada) Corporations: No ministerial consent is required. You can simply file the dissolution documents to end the corporation’s active status.
How do I cancel my Master Business Licence or registration?

Canceling a Sole Proprietorship, General Partnership, or Trade Name follows a process very similar to your initial registration. To close your registration, you must:

  • Complete the standard registration form, selecting the “Cancellation” option.
  • Provide original business details, including the business name, address, and owner information exactly as they first appeared.
  • Include your registration number, typically the Business Identification Number (BIN) found on your original document.
Is it important to formally dissolve or cancel my business?

Absolutely. Formally closing your business is the only way to ensure a “clean break” from a legal and regulatory standpoint. By filing the necessary dissolution or cancellation paperwork, you achieve three critical goals:

  • Legal Protection: It creates a definitive end date for the entity, significantly limiting exposure to future lawsuits or liabilities.
  • Tax Compliance: It officially notifies the Canada Revenue Agency (CRA) and other tax authorities that the business is inactive, preventing unnecessary filings or penalties.
  • Administrative Proof: It provides you with the official documentation required by banks, creditors, and clients to prove the business has been legally wound down.
How do I search for an existing business?

You can search for any business across Canada as long as you have its legal name or corporate number.

The most effective way to gather information is by requesting an Entity Profile Report. This report is available for both incorporated companies and registered small businesses, providing a comprehensive “snapshot” of the entity’s history and current standing.

What information will I receive? Each search provides essential data to help you verify a business, including:

  • Legal Identity: The correct legal name and status (Active/Inactive).
  • Location & Activity: The registered business address and primary industry activity.
  • Ownership: Names and addresses of current Directors or Owners.
  • Operational History: How long the business has been in existence.
  • Trade Names: Any active or inactive “Doing Business As” (DBA) names.
  • Filing History: A chronological list of all legal documents and reports submitted to the government.
Will a business owner be notified if I search for their company?

No. Your search is completely confidential. Business and corporate records are public information, and government registries do not track or notify owners when someone requests their filing details. Whether you are a business owner checking your own records for accuracy or a party involved in litigation looking for a service address, you can access these reports discreetly. For legal proceedings, we recommend ordering a certified copy to ensure it is admissible in court.

What is a Certificate of Status?

A Certificate of Status (also referred to as a Certificate of Compliance or Good Standing) is an official one-page document that confirms a corporation is active and in good standing within its home jurisdiction. For Ontario-based businesses, this certificate verifies the company’s current filing status with the provincial government and ensures it is properly registered to conduct business.

What are Articles of Incorporation?

The Articles of Incorporation are the foundational legal documents that officially establish your corporation. If your original copy is misplaced, you can request a replacement from your corporation’s home jurisdiction. Please note that processing times vary by region, and in some jurisdictions, obtaining these records may require visiting government offices in person.

What is a Point in Time Report?

Think of a Point in Time Report as a historical snapshot of a corporation. While a standard Entity Profile (or corporate search) shows you how a company looks today, this report allows you to “time travel” to a specific date. Whether you need to verify who the directors were on September 1, 2014, or confirm an address from five years ago, this report pulls the exact data that was on file for that specific moment in history.

What is an Ontario Business Name Search (BNR)?

An Ontario Business Name Search provides an official copy of a Master Business Licence registered with the province. This report allows you to retrieve your own registration details or look up a third-party Sole Proprietorship, General Partnership, or Tradename.

Please Note: This service is specifically available for registrations completed or renewed after October 19, 2021, following the launch of the Ontario Business Registry.

A PPSA search allows individuals and corporations in Ontario to determine if there are any registered liens or security interests against a specific person or business. This search reveals if assets such as vehicles, equipment, inventory, or consumer goods are currently being used as collateral for outstanding debts or financial obligations.

What is a Bank Act Certificate?

A Bank Act Certificate is a document verifying that a financial institution holds first-priority security over a debtor’s assets. This typically includes consumer goods or corporate equipment used as collateral to secure a loan.

What is the Official Receiver?

The Official Receiver is a federal government authority responsible for maintaining the official records of all individuals and corporations that have filed for bankruptcy. You can search their database to verify the status and filing date of a specific entity, with the formal details provided in an official certificate.

When an individual or corporation faces bankruptcy, a formal court filing must be made within the relevant jurisdiction. To ensure you receive the most accurate and up-to-date information, we recommend performing a dual search that includes both a check of the Official Receiver’s records and a comprehensive bankruptcy search.

A litigation search investigates whether an individual or corporation has a history of legal proceedings, either as the party suing (plaintiff) or the party being sued (defendant). These searches are performed at court offices within the jurisdiction where the person lives or where the company is headquartered. For small businesses, these records including bankruptcy filings are typically tied to the personal names of the business owners.

What is a Minute Book?

A Minute Book is a central legal register used by incorporated companies to store and organize their most critical corporate records. Think of it as the “official history” of your business.

It typically includes:

  • Founding Documents: Your Articles of Incorporation and bylaws.
  • Corporate Registers: Updated lists of all directors, officers, and shareholders.
  • Meeting Minutes: Formal records of discussions and decisions made during corporate meetings.
  • Share Records: Unissued share certificates and a ledger of distributed shares.
  • Compliance Filings: Government documents, such as CRA filings and notices of change.

Maintaining an accurate Minute Book is not just about organization; it is a legal requirement that ensures your corporation remains in good standing and is prepared for audits, sales, or financing opportunities.

What is a Corporate Seal?

Think of a corporate seal as a company’s “official signature.” It is a physical embosser or stamp used by directors and officers to authenticate high-level legal documents, typically displaying the business name, year of formation, and state of incorporation.

What is a Corporate Share Certificate?

A Share Certificate is an official legal document issued by a corporation’s board of directors that serves as proof of individual ownership. Whether the company is public or private, these certificates formally record who owns specific portions of the business.

Depending on the company’s structure, shares are typically categorized as common, preferred, or undesignated. Once the class and quantity of shares are determined, the certificate is finalized to reflect the shareholder’s specific stake in the corporation.

Can I convert my existing business registration into a corporation?

The Ministry does not allow for a direct “conversion” or transfer between a Business Name Registration and an Incorporation. To make this change, you must file a new Incorporation from scratch.

Once your new corporation is active, you should manually cancel your previous Business Name Registration to ensure your records remain up to date, as the system will not close it automatically.

Do I need a NUANS report to register my Sole Proprietorship or Trade Name?

The short answer is no. A formal NUANS name reservation is not a mandatory requirement for registering a Sole Proprietorship, General Partnership, or Trade Name.

While not required by law, we often recommend a Preliminary NUANS Search as a proactive step. This optional search scans the national database for existing businesses with names identical or similar to yours, helping you avoid potential branding conflicts or legal headaches down the road.

Tab TitlaDo I need to be a Canadian citizen to incorporate?e

No, you do not need to be a Canadian citizen or Permanent Resident to incorporate in certain provinces. While Federal (Canada) corporations require at least 25% of directors to be resident Canadians, provinces like Ontario and British Columbia have no such residency requirements. This allows non-residents and foreign investors to own and operate a local corporation.

Important Note: If you are in Canada on a work permit or visa, we recommend consulting with an immigration specialist to ensure your specific status allows you to actively operate a business.

Do I need a Company or Corporate Key to file with Ontario Business Central?

Yes. To protect your business from unauthorized changes, the Ministry of Public and Business Service Delivery and Procurement requires a secure access key for almost all filings.

When is a key required?

Whether you are a small proprietorship or a large corporation, you will need this key for:

  • Business Updates: Changing your address, updating directors/officers, or adding partners.
  • Mandatory Filings: Submitting your Initial Notice, Annual Returns, or Renewals.
  • Structural Changes: Filing amendments (like name changes), cancellations, or dissolutions.
  • Trade Names: Registering or renewing a trade name under an existing corporation.

How to get your key:

  • Ontario Entities: If you don’t have one, you can request a Company Key through the Bizincs platform. It is typically sent to the registered head office address on file or via email if an official address is recognized by the Ministry.
  • Federal Corporations: You are automatically issued a Federal Corporate Key upon incorporation, which is used for the majority of your federal filings.
What is a Corporate Share Structure?

A share structure defines the different categories of stock a corporation is authorized to issue, along with the specific rights, privileges, and restrictions attached to each. Think of it as the “rulebook” for ownership in your company.

Most corporations choose between two primary setups:

  • One Class of Shares: Every share is created equal. All shareholders have identical rights, meaning they each get the same voting power and an equal claim to dividends or assets.
  • Two (or More) Classes of Shares: This allows you to differentiate between owners. For example, you might issue Class A Voting Shares to the founders to maintain control, and Class B Non-Voting Shares to investors who are interested in financial returns but not daily decision-making.
How do I determine the correct share structure for a Professional Corporation?

Because each governing body has specific requirements for Professional Corporations, we recommend a “verify-before-filing” approach:

  1. Consult Your Governing Body: Reach out to your professional regulator to obtain their approved wording for Sections 5 through 9 of your Articles of Incorporation.
  2. Focus on Restrictions: Pay close attention to Section 5 (Business Restrictions) and Section 7 (Share Rights & Conditions), as these usually contain the most rigid regulatory requirements.
  3. Use Our “Draft” Feature: When incorporating with Bizincs, select the “Draft” option. We will prepare your articles and provide them to you first, allowing you to submit the draft to your governing body for pre-approval before we finalize the official filing with the Province.
How do I assign shares to shareholders?

During the incorporation process, you define the overall share structure such as authorizing an unlimited number of common or preference shares but you do not officially assign them to specific individuals at that stage.

Once your incorporation is complete, the actual issuance and assignment of shares to individuals is handled as a post-incorporation task. You can manage this directly through your internal corporate records or seek assistance from a professional, such as a lawyer or accountant, to ensure your share registry is accurately updated.

Does my corporation need a Master Business License or BNR?

Not necessarily. When you incorporate, your business is assigned a unique corporate number, which serves as its legal identity. Unlike a sole proprietorship, a corporation does not automatically receive or require a Master Business License (MBL) to operate under its legal corporate name.

You only need an MBL or Business Name Registration if your corporation intends to trade under a secondary name (a “Doing Business As” or DBA) that is different from its registered corporate name. If you only plan to operate using your official corporate name, no additional registration is required.

How Can I Make Sure My Business Name Is Available?

When you order through Bizincs, you can include a NUANS Name Search. This comprehensive report checks your proposed name against a database of existing registered businesses, incorporations, and trademarks across Canada to ensure it’s unique.

A quick tip on protection: Simply registering a business name does not prevent others from using it. However, if you choose to incorporate, your business name gains legal protection within that specific jurisdiction, ensuring you have exclusive rights to the name after the process is complete.

What is an Annual Return, and doesn't my accountant handle it?

Historically, Ontario corporations filed their annual returns alongside their corporate tax returns with the Canada Revenue Agency (CRA). However, as of October 2021, this has changed.

The Province of Ontario now requires you to file your annual return directly with the Ontario Business Registry rather than the CRA. This shift ensures the province’s corporate records such as your current list of directors and head office address remain accurate and up to date.

While accountants handle your financial tax filings, they may not automatically file this administrative corporate return unless specifically agreed upon. Because deadlines are typically tied to your anniversary of incorporation or fiscal year-end, it is vital to confirm who is responsible for this submission to keep your corporation in good standing.

What is a domain name and when should I register it?

A domain name is your business’s unique address on the internet (like yourbusiness.ca). It’s how customers find your website and helps establish your brand’s digital identity.

For the best Search Engine Optimization (SEO), we recommend choosing a domain that closely matches your legal business name. For example, if your business is ABC Consulting, registering abcconsulting.ca makes it much easier for clients to find you through search engines.

When to register: The best time to secure your domain is during the business registration process. This ensures your preferred name is available across both government registries and the web. At Bizincs, you can register a domain on its own or add it as an option when setting up your new business.

Do I Need a Lawyer to Incorporate?

Technically, no you aren’t required to hire a lawyer to incorporate. If you are starting a straightforward business, you can often handle the process yourself by filing the necessary documents with the provincial or federal government, paying the filing fees, and securing your business licenses. Online platforms and filing services make this DIY approach more accessible than ever.

However, keep in mind that incorporation involves more than just paperwork; it carries significant legal and tax implications. If your business structure is complex, involves multiple shareholders, or if you have specific concerns regarding liability and regulatory compliance, consulting a business lawyer is a smart move. They can provide tailored advice to ensure your company is set up correctly from day one and protected for the long term.

Should I Incorporate?

In Canada, launching your business usually comes down to two paths: registering a trade name (as a sole proprietorship or partnership) or incorporating as a separate legal entity.

To determine which fit is right for your goals at Bizincs, consider these four key factors:

  • Brand Security: How vital is it that your business name is legally protected across your province or the entire country?
  • Risk Management: Does your industry involve high liability? Incorporation creates a “corporate veil” that helps protect your personal assets from business debts and legal claims.
  • Tax Strategy: Are you earning more than you need for personal expenses? Incorporation allows you to keep profits in the company to be taxed at a lower corporate rate, rather than paying personal income tax on every dollar earned.
  • Growth Potential: Do you plan to pitch to investors or apply for significant business loans? Professional backing and equity sharing are much more accessible for incorporated companies.

Robust Name Protection

Unlike a simple business registration, incorporation grants you exclusive rights to your business name within your jurisdiction, preventing others from operating under a confusingly similar brand.

Limited Liability

It creates a legal “corporate veil” between your personal assets (like your home or savings) and your business risks. You are generally not held personally responsible for the corporation’s debts or legal mishaps.

Significant Tax Advantages

Corporations benefit from lower tax rates than individuals. This allows you to keep more capital within the company for reinvestment, utilize income splitting, or defer income to years when it benefits you most.

Easier Access to Capital

Incorporation makes your business more attractive to banks and private investors. It allows you to raise funds by issuing shares without necessarily giving up daily operational control.

Professional Longevity

Your corporation has a “continuous existence,” meaning the business lives on even if ownership changes or shares are sold, providing a seamless transition for future generations or buyers.

Registration vs. Incorporation

Feature

Master Business Licence

Incorporation

Personal Liability

Full (No protection)

Limited (Protected)

Taxation

Personal tax rates

Corporate tax advantages

Name Protection

None

Exclusive rights provided

Continuity

Expires every 5 years

Permanent existence

Capital Access

Very limited

High (Shares/Lenders)

Setup Cost

Lower ($136+)

Higher ($532 – $599+)

Where should I incorporate my business?

You have two primary options: Provincial or Federal incorporation. You can choose to incorporate directly in the province or territory where you plan to operate, or you can incorporate federally and then register that federal corporation within your specific province or territory.

Federal vs. Provincial Incorporation Which is right for you?

The primary difference lies in geographic reach and administrative steps. While a Provincial incorporation is often simpler for local businesses, a Federal incorporation offers broader protection and prestige.

Feature

Federal Incorporation

Provincial Incorporation

Name Protection

National: Highest level of protection across Canada.

Local: Protected only within that specific province.

Business Reach

Ideal for operating in multiple provinces or internationally.

Best for businesses operating primarily in one province.

Setup Process

2-Step Process: You incorporate federally, then register in your home province.

1-Step Process: You register directly with the provincial government.

Global Status

Higher recognition for international trade and investment.

Limited recognition outside of Canada.

Why Choose Federal?
  1. Brand Security: It prevents other businesses from using a similar name across the entire country.
  2. Global Growth: If you plan to expand to the U.S. or Europe, a “Canada” corporation often carries more weight.
  3. Flexibility: You have the right to carry on business in any province (though local registration fees may still apply).
Why Choose Provincial?
    1. Simplicity: Fewer filings and usually no double-registration requirement.
    2. Lower Cost: You avoid the extra provincial registration fees that Federal corporations often face.
    3. Residency Options: Some provinces (like Ontario or BC) allow 100% non-resident directors, whereas Federal law requires 25% Canadian residency.

     

    Quick Fee & Timeline Comparison

    • Federal: $200 gov. fee | ~2 Business Days
    • Ontario: $300 gov. fee | 1–3 Business Days (No residency requirement)
    • Alberta/BC/MB/SK: $222.75 – $350 gov. fee | 1–14 Business Days (Timeline varies by province)
What is a Nuans Report?

A Nuans report is a mandatory document used to reserve a business name when incorporating or changing a corporate name. It confirms that your chosen name isn’t already in use or too similar to existing trademarks and businesses within your specific jurisdiction.

  • Validity: The report is valid for 90 days from the date of issue.
  • Jurisdiction: You must order a report specific to where you are filing (e.g., an Ontario Corporation requires an Ontario-specific Nuans report).
Can I use a Federal NUANS report for an Ontario or Alberta incorporation?

No. A NUANS report must be specific to the jurisdiction where you are incorporating. Since Canada (Federal), Ontario, and Alberta each have their own distinct databases and requirements, you must obtain a report tailored to that specific region.

  • Ontario Incorporations require an Ontario-biased NUANS report.
  • Alberta Incorporations require an Alberta-biased NUANS report.
  • Federal Incorporations require a Canada-biased NUANS report.

Using a report from the wrong jurisdiction will result in your application being rejected.

In most Canadian jurisdictions, there is no legal distinction between the different suffix options; they all carry the same weight. You can simply choose the one that best fits your brand’s aesthetic. The standard options include:

  • or LIMITED
  • or INCORPORATED
  • or CORPORATION
What is a Director?

A Director is an individual appointed to manage a corporation’s affairs and make high-level business decisions on its behalf. To serve in this role, an individual must be at least 18 years of age.

What is an Officer?

An Officer is a high-level executive appointed by the Board of Directors to manage the daily operations of a corporation. Standard roles include the President, Secretary, and Treasurer, all of whom hold the legal authority to sign documents and make key business decisions on the company’s behalf.

What is a shareholder?

A shareholder is an individual or entity that owns at least one share of a corporation’s stock, representing a specific percentage of ownership in the company. While often investors or family members, every corporation must have a minimum of one shareholder who holds a financial stake in the business.

Can one person hold all positions in a corporation?

Absolutely. In most jurisdictions, a single individual has the legal authority to serve as the sole director, officer, and shareholder of a corporation. This structure is common for small businesses and solo entrepreneurs, allowing one person to maintain full control over both the high-level strategy and the day-to-day operations of the company.

Does a director own the corporation?

Not necessarily. While directors oversee the company’s high-level strategy, they are distinct from owners (shareholders). However, in many smaller corporations, it is common for the same individual to hold both roles.

What is an Initial Notice for an Ontario Corporation?

The Initial Notice is a mandatory filing required by the Ontario government within 60 days of incorporation. This document officially registers your corporation’s directors and officers with the province. It is a critical compliance step; failing to file this notice on time can result in the province cancelling your corporation and its legal status.