Should i incorporate alberta

Therefore, incorporating under the Federal Act grants a form of distinction to international clients; it constitutes an added value that is exclusive to the federal law of incorporation. This sums up the three reasons to incorporate under the CBCA. For more information about the federal incorporation, you can download our Federal Incorporation Guide. The following section looks into the advantages of incorporating under the ABCA. Why should you incorporate your business under the ABCA? You should incorporate your business provincially because the Alberta Corporate Tax Act provides the lowest corporate tax rates in Canada to businesses incorporated and established in Alberta.

Additionally, this act provides for certain tax exemptions on capital, general sales, and payroll taxes that allow corporations to benefit from one of the most advantageous taxation rules in Canada. Shareholders may benefit from similar tax deductions and exemptions too.

For additional information on this subject, we invite you to contact a chartered accountant. Thus, because an Alberta corporation may appoint as many non-Canadian resident directors as it wants, it constitutes a more attractive option for foreign investors. Second, in , the Alberta legislature adopted two important laws that set Alberta as one of the most competitive and favourable jurisdictions to start and operate a business in Canada:.

For all these reasons, the province of Alberta confers many advantages to businesses incorporated in its corporate environment. The CBCA requires corporations to maintain a register that discloses certain information about individuals with significant control or ownership in the corporation.

This register has to be up to date and available for consultations. Therefore, the ABCA represents a more business-friendly jurisdiction due to its fewer administrative requirements, and enhanced protection of corporate and commercial information.

This wrap ups the three reasons why you should incorporate under the ABCA. The following section dives into the similarities between both laws. For more information about our incorporation process, you can take a look at our incorporation packages. We hope that you are now more comfortable going forward with the incorporation of your business in Alberta. For more information in regard to your jurisdiction of incorporation or about the incorporation process, contact us.

Individual owners can own the corporation. A corporation has rights and obligations that are similar to an individuals. Corporations only exist because Alberta law allows them to exist.

All incorporation benefits exist because the law creates them. There are two main types of incorporation benefits. The first are incorporation benefits that involve taxes Alberta and Federal. Secondly, the other type of incorporation benefits in Alberta include limitations of liability.

The following are benefits that tax related incorporation benefits. They are both benefits to the corporation itself as well as to they shareholder s. All liability limitations are one of the best incorporation benefits. Liability is also knows as risk. Always consult with a lawyer because there are some other risks that shareholders still have. For example, these include but not limited to environmental contamination, limited employee pay, and fraud.

Your submissions are monitored by our web team and are used to help improve the experience on Alberta. If you require a response, please go to our Contact page. You will not receive a reply. Submissions that include telephone numbers, addresses, or emails will be removed. Table of contents Incorporate a business or organization Alberta corporation Register an out-of-province corporation Incorporate a non-profit company Incorporate a religious society Incorporate a society Alberta cooperative Register your Alberta business in BC, Manitoba or Saskatchewan Out-of-province cooperative.

Overview A corporation is an independent legal entity that exists separate and apart from its owners shareholders. Cost The service provider that processes your application will charge a government fee and a service fee. How to apply Step 1. Distinctive element A distinctive element is a unique word or location that makes your corporation name different from others.

Descriptive element A descriptive element describes what the corporation does or what the corporation is. Legal element All Alberta corporations are required to have a legal element at the end of their name.

Corporation Inc. Step 2. To fill in and save the form: Save the PDF form to your computer — click or right-click the link and download the form. Fill it in and save it. Elect a director Canadian residency requirements for directors have been eliminated at of March 29, Directors must be adults.

Appoint an agent for service This requirement applies to all incorporations and amalgamations for Alberta corporations and all extra-provincial corporations continued into Alberta on or after March 29, You will need to supply: The name, firm name if applicable , street address or legal land description, mailing address, email address and appointment date for the agent for service.

The agent must consent to their appointment.