|
![]() |
|
Call: 1-866-208-7878+1-905-762-0703 |
||||||||||||||||||
![]() |
|||||||||||||||||||||
Home > Canada Incorporation > Ontario Extra-Provincial Corporation |
|||||||||||||||||||||
|
|
Ontario Extra-Provincial Corporation (EPC)When a non-Canadian corporation or LLC needs to set up a branch and/or open a corporate bank account in Canada, we recommend to consider the Province of Ontario. Ontario is the Canadian most powerful and developed province, where over half of the Canadian finance and manufacturing corporations are concentrated. Our company offers registration of non-resident corporations and LLCs including offshore companies in Ontario as Extra-Provincial Corporations. Upon Ontario Extra-Provincial Registration a non-Canadian company receives Ontario Extra-Provincial Licence with Ontario Corporation Number and a status of Ontario Extra-Provincial Corporation. The licence gives rights to set up an office, open a bank account and conduct business in the Province of Ontario and from Ontario with all other Canadian provinces and overseas. To be registered in Ontario, each non-Canadian company must have an Agent for Service in Ontario, who is a resident of Ontario. Our packages include this service for the first year. It's important to understand that Canadian extra-provincial registration does not create a separate Canadian legal entity. Therefore, a non-Canadian company registered as Extra-Provincial Corporation in Ontario has no tax obligations in Canada, when the company conducts business outside of Canada. Advantages of Ontario Extra-Provincial Registration
Corporate TaxCorporate income tax rate, which includes federal and provincial components, is 33%. Ontario EPC is required to pay Canadian income tax on all income received in Canada. When the company conducts its business outside of Canada, it has no Canadian tax obligations as a non-Canadian legal entity. All business expenses including salaries paid to employees, directors fees paid to directors, contract payments paid to self-employed individuals, partnerships, LLCs and corporations, advertisement expenses, etc. are deductible from corporate taxable income. Corporate Income Tax ReturnOntario EPC is required to file a corporate tax return in Canada every year, when it conducts business in Canada. The return must be filed in 6 months from the corporate fiscal year end. Income tax is payable in 2 months from the corporate fiscal year end. When Ontario EPC does not conduct business in Canada, filing of the return is not required. Our company offers accounting services. As a result, our clients are able to comply with Canadian requirements, file their corporate income tax in time and keep their companies in good standing. Company NameName of non-Canadian company must be available in Ontario. Otherwise, the company cannot be registered in Ontario and receive the status of Ontario EPC. Restricted words are ones that may be considered to be misleading, and include, for example, "bank", "trust", "insurance", "trust", "stock exchange", etc. Time Required for RegistrationOntario Extra-Provincial registration usually takes 2 to 3 weeks for corporations and 1 to 3 days for limited liability companies. Annual Renewal FeeEach Ontario EPC must have Agent for Service in Ontario. Our company provides such service for US$990 annually. This fee is payable from the second year. Virtual Office ServicesOur company offers the following services:
Additional services, such as a dedicated phone line with voice mail and fax line are available. To get a quotation, please contact our company and describe your needs. Virtual office services are available for our clients, who use our company as Agent for Service in Ontario.
|
||||||||||||||||||||
|
|
||||||||||||||||||||
|
|||||||||||||||||||||