Category: Uncategorized

  For Ontario corporations, as well as for businesses in Canada in general, the “Company Key” is an important concept. Regardless of whether you are filing for a new company, conducting corporate filings, or making filings related to your company updates, knowing what a company key is and how it is used is critical. In this informative guide, we are going to discuss the company key in Canada, its functions, how it is acquired, and how it is used in the overall corporate administration framework. Get Your Company Key What is an Ontario Company Key? A Company Key is a secure, confidential passcode provided by the Ontario provincial government that… Read More

  Picture this- you are successfully running your cafe, investing in real estate, and maybe even trying your hand at the stock market. It is working out all right, but have you thought of how to protect what you’ve built? What if someday something beyond your wildest imagination happens-a lawsuit, or worse, a market bust? This is where a holding company can be your secret weapon. A “holding company” is not just for large corporations rather, it’s a tool to be used by anyone with several assets or businesses looking to grow their wealth and protect what they have worked so hard to accomplish Curious? Let’s delve into the world… Read More

  Setting up a business as a Limited Liability Partnership in Canada can be a great opportunity to grow together with fellow professionals. An LLP offers partners a shared responsibilities with the personal liability protection. However, the process of registration of the “Limited Liability Partnership” requires a lot of attention to details. Mistakes made during this stage can lead to unnecessary delays, legal complications, and even financial loss. In this article, we are going to discuss six common mistakes to be avoided while doing the registration of a limited liability partnership in Canada. Avoid these mistakes and your registration journey will go smoothly, so you can start your business venture… Read More

  Imagine a world where your passion for helping others transforms into real, lasting change. Be it feeding starving people, protecting nature, educating the next generation, your dream to make a difference can become a reality through a charity. However, to make a difference, your charity needs to be recognized officially. This is where “charity status” comes in. It helps your charity gain trust, access funds, and grow. The following guide will show, precisely, how to qualify for charity status and maximize the impact of your cause. A few clear steps are all it takes for your charity to get the recognition it deserves and to create meaningful changes in… Read More

  Running a corporation is exciting, but with great opportunity comes great responsibility. One of the biggest, yet easiest, things you can do for your business each year is to file your annual return for corporation. You might think it’s simple, just another piece of paperwork, but believe us not filing on time creates some very real issues for your business. In this comprehensive guide, we will be discussing in detail the top 5 reasons why you should file your “annual return” and what happens if you don’t. Let’s dive into the nitty-gritty details and ensure that your business is running on track! What is an Annual Return for a… Read More

  Starting a business is exciting! You’re finally bringing your dream to life, and one of the first steps is picking the perfect name. But here’s the thing it’s not just about coming up with a catchy name, it has to be unique, too. That’s where the NUANS Report steps in to save the day. Let’s suppose you have just started a catering service called “Savory Treats.” All went well until several months later when a letter arrived. It turned out that there was another company that registered the name “Savory Treats” in your province many years ago. Now, you have to rebrand your business, a very expensive and confusing… Read More

  Opening your own business may feel like stepping into uncharted territory. Of all the decisions you will have to make, one of the earliest and most important will be related to the structure of your business. If you’re starting your business with one or more people and want a very simple, collaborative way to get started, a general partnership might be just what you need. But what exactly is a general partnership, and is it the best fit for your goals? Let’s take a closer look at this business structure using 10 key facts, in simple terms, so that you can make an informed choice. Register/Renew Now 1. What… Read More

  A Business Name Registration, formerly called a Master Business Licence (MBL), is an official document issued by ServiceOntario. It authorizes business owners to legally operate their business under a chosen name. An entrepreneur just starting a small business or expanding his or her current venture will find this added knowledge helpful in staying compliant and avoiding fines. In the course of this blog, we will be discussing ten key areas of a master business license and answer some of the more common questions asked about its usage, renewal procedure, etc. What is a Master Business License? The “Master Business License” is a document issued by the Ontario government to… Read More

  If you operate a business in Canada, the process for sorting out taxes might seem intimidating at first. Fear not, we have got you covered! One of the major steps toward compliance and business growth involves registration for a GST number. Whether you are a new or returning applicant wanting clarity on how to get your GST registration number, how to do it online, all the way to how to cancel such, this guide will walk you through it. What is a GST Registration Number? First, let’s get back to the basics. A “GST registration” number is assigned by the Canada Revenue Agency to those businesses that have registered… Read More