It is fairly easy to incorporate a company in Canada. You can choose to incorporate in a province or federally. The main factor to be considered is the requirement of residence of directors. For example, no less than 25% of directors should be the Canadian residents for an Ontario or a federal company. If there is no Canadian resident to be a director, you can choose other provinces to incorporate a company, where Canadian residence of director is not required, such as Nova Scotia, BC or Yukon. All shareholders can be foreigners or foreign companies. There is no registered capital in Canada. There is authorized capital, normally unlimited common shares. Therefore, 1 dollar could be the capital of a company. If the company would like to have common shares and preferred shares, then you must understand clearly the attributes of the preferred shares. The taxation consideration is an important issue before incorporation. You should consult with an accountant or a tax lawyer on the tax consequences.
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