Incorporation FAQ

Why wait ?

Incorporate now!

Why Should I Incorporate?

Short Answer:

You will increase your marketability and you will pay less tax.

Long Answer:

If you are presently a sole proprietor, in a partnership or an employee there are many reasons to consider incorporating your small business. Our Incorporation calculator lets you work out the potential tax savings you could achieve by Incorporating.

Below are some of the benefits of incorporating.

Should I Incorporate Federally Or Provincially?

Short Answer:

You should incorporate provincially.

Long Answer:

Setting up federal incorporation is expensive compared to incorporating provincially, as it requires much more paperwork for filling and maintaining up to date accounts with both the Federal and Provincial Director of Corporations. Therefore small businesses that do not foresee expansion in other provinces may prefer incorporating provincially. Additionally, despite being registered under the CBCA, a company will be subject to provincial regulations and will be required to pay all the mandatory license and registration fee in some provinces.

Should I Use A Professional To Set Up My Incorporation? Or Should I Do It Myself Online?

Short Answer:

You should use a professional.

Long Answer:

Too often business owners take the advice of a friend and go online to incorporate. Be aware online registries do not give advice. Decisions have to be made as to how to distribute the shares to the shareholders, the importance of keeping a minute book, how to choose your year-end or the ongoing obligations of a corporation. Most likely you will be the majority shareholder or only shareholder in the corporation as well as one of the employees. Getting proper advice from a professional may cost a little upfront, however, can save you a lot of money when you have a successful, profitable corporation.

How Long Does It Take To Get Incorporated?

Short Answer:

Your articles of incorporation can be available in as little as one hour. Your complete incorporation package including the electronic corporate minute book, and GST/HST registration takes between 3 – 5 business days.

Long Answer:

Your articles are processed immediately and can be available in as little as 1 hour if submitted between 8 a.m. and 4 p.m. (E.S.T.). If submitted outside of these hours, they will be placed in queue for automatic submission on resumption of regular service.

Your complete incorporation package including the electronic corporate minute book, and GST/HST registration takes between 3 – 5 business days.

How Much Does It Cost To Incorporate?

Short Answer:

CPA4IT offers a variety of incorporation packages. Our Standard Package is $795 + HST and this fee includes the government filing fee, the name search fee, minute book, seal and all documentation listed below. In addition we offer special discounts for clients that come through our referral network. Ask your recruiter if they are part of our network and what value added pricing is available for you.

Long Answer:

Bare Minimum

The Basic Incorporation Package




Includes Minutes and Shares


Small Business

Includes Website & Business Cards


Book A Free Consultation

Got questions? We’ve got answers! Use the link below to book a time to chat with one of our experts.

Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.