When a Canadian small business is ready to incorporate, it has two options: Provincial or federal incorporation. The way in which a business incorporates can have long-lasting implications for its success. It is important for business owners to choose the method of incorporation that is the best fit for their company.
Provincial and federal incorporation have similarities and differences that business owners should take into careful consideration. In this post, we’ll go over both types of incorporation—and which one could be right for your business.