Ontario PREC

We offer regular, express and urgent queue. In an urgent queue, corporation is filed two business hours, in express queue in one business day and regular queue in ten business days.

You will get corporation's certificate and article in email. If you include the by-laws and minutebook, you will receive these in email as well. These documents are sufficient to open bank account.

Our agency is backed by law firm. We prepare the articles of corporation, by laws and other documents. Our team incorporate personal real estate corporations everyday.

Absolutely no hidden costs. When you set up a corporation, there are many filings needed to be done. We offer all filing into a single place. Therefore, in next steps, we will offer those services. You have option to choose or not to choose. If you do not choose anything else, your price will remain as you see in the first page.

Being a OneStop shop, we offer pretty much all corporation related services. We are backed by lawyers and accountants. In Next steps, you will find options to choose NUANS report (for named corporation), CRA business number, corporate tax ID, GST account, payroll account, export-import account, WCB account, minutebook, share certificates, corporate seal, domain name reservation and one year service support.

We offer regular, express and urgent queue. In an urgent queue, corporation is filed two business hours, in express queue in one business day and regular queue in ten business days.

The legal name of a personal real estate corporation, whose controlling individual is Robert Smith, can be one of the following: Robert Smith Personal Real Estate Corporation (legal name + the term “personal real estate corporation”); Rob Smith Personal Real Estate Corporation (recognizable short form + the term “personal real estate corporation”); Bob Smith Personal Real Estate Corporation (licensee name of the controlling individual as registered with RECBC + the term “personal real estate corporation”).

A personal real estate corporation name must end with the legal suffix "personal real estate corporation". You can include it in the proposed name. If you do not include it, we will include this phrase after the name of corporation.

We are a member of Corporations Canada. We first pre-search into Corporations Canada system and provincial name database. If the name gets conflict or high chance of being rejected, we will advise you to submit new names.

It is the location where business is located. It can be a commercial rented place or home address. It can't be a P.O Box, must be a physical address. CRA documents will go to this address.

Yes, these address can be changed later. In many cases when commercial place is not rented yet, residential address is given.

If you do not have a local provincial address, we provide registered address and mail scanning service. Please click, on the form where says, "If you don't have address in this province, click here"

Yes, you have the choice to renew it on an annual basis. Normally, the price remains same.

The Controlling Director is the the real estate agent and overall head of the corporation. You cannot add more than one director . Please note that the Controlling Director must be either Canadian citizen or Permanent Resident.

If you are doing corporation for a client, please do not write here your name. This place is the name of the primary owner (the real estate agent) of the corporation. We don't contact this person, rather we contact the person mentioned in billing address. You can write your details in the billing address during checkout.

Incorporator is the person(s), under whose authority this corporation is being created. Typically, the Controlling Director is the incorporator (recommended). However, another corporation can be the incorporator (not recommended).

If you are doing for a client, you may choose 'The Controlling Director is the Incorporator'. We do not contact your client, rather we contact the person in the billing address. You may write your details in billing address.

Yes, it's mandatory as per corporation act and PREC rules. The controlling shareholder, share structure, share class, number of shares are defined in minutebook.

Yes. Package price is cheaper than buying it later, because preparing it separately is a manual process which cost more and takes longer time. Besides, when you incorporate a new corporation, the expenses are called business development expense which is tax creditable. Any spending you do after corporation exists, is considered as operating expense which are not tax creditable.

As per PREC rules, the Controlling Director must be the one and only officer and hold designation as "president"

Yes, in personal real estate corporation, the same person can be director, incorporator, officer and shareholder. The only option that PREC allows, is your immediate family members (minimum age 18) can be added as of shareholder for non-equity non-voting shares (in next section).

Share price and share number can be changed any time. Now you are setting up just initial price and share number. Most people starts with $1 as share price and 1 as share number.

These are non-equity non-voting shares (weaker than class A). Most people PREC corporation don't issue it in the beginning.

Share price and share number can be changed any time. Now you are setting up just initial price and share number. Most people starts with $1 as share price and 1 as share number.

Total share is calculated by adding up each shareholder's share number. Example: your share is 60, your spouse's share is 40. Then total shares = 60 + 40 = 100. In this case, you hold 60% and spouse holds 40%. If more than one shareholder and you want to assign in percentage, make total share number as 100.

It's the initial set up for a HST account with CRA. Every corporation should have a HST account to collect HST. To claim your HST paid amount on your office supplies purchases, you also need this account.

Payroll account applicable in all cases. Even if you do not have employee, your own salary to be processed through payroll account. Please note, this is not payroll service, but the initial set up of payroll account with CRA.

If your business involves in importing or exporting physical goods, it is required. The government uses this account to process the customs clearance.

We are an agent of global domain registration. After your company name gets approved, we can instantly reserve a domain in your company name (example: www.companyname.com)

It's workers' compensation board (safety and injury board). If your corporation plan to have employees now or in future, it MUST register with WSIB. We register and give you the account number and hook you with WSIB authority. Please note, it does not cost monthly premium fees, rather WSIB authority will advise on your eligibility of free program or fees.

The government of Ontario has made mandatory to file the notice of initial returns within 60 days of incorporation. Failing to file initial returns may cause your corporation to be null and void. We advise you include in the package in case you forget to file later.

A legal letter prepared and signed by an Ontario solicitor or corporate lawyer that re-confirms the corporation's article and by-laws are prepared as per PREC regulations.

Share certificates is the legal and official proof of ownership of corporation. You need it to show in any official purpose such as bank, contracts, mortgage etc. It's an absolute recommended items if you have more than one shareholder. We will send some blanks certificates as well which could be used in future in case you add any other person (such as spouse, child, friend) as shareholder.

Seal is a protection against fraudulent activity. It has legal value (by default defends) in case anybody create false docs or make false loan in your company name. It's highly recommended if your company has frequent transactions or provide receipt, invoices. It's also needed if you go for loan, mortgage, employment contract, service contract or any sub-contract.

It includes legal, accounting and corporation update services. Every new corporation receives notices from CRA, federal & provincial government, competitor business etc. As a small company, if you do not have your own lawyer and accountant, then our lawyer, accountant and corporation specialist here for you. It's a $399 dollar service, but only $99 with package.

Supplies (physical minute book, share certificate, corporate seal) will be shipped by Canada Post (expedited) and you will receive a tracking number in your email. Please note, this address is for shipping of supplies only. Government documents always go to corporation's address.