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Incorporation of business

kwididi

Newbie
Feb 9, 2021
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Hello,
We are looking for the cheapest way to incorporate business based in Ontario, is it possible to incorporate it for less than 300C$?
Thanks
 

scylla

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Hello,
We are looking for the cheapest way to incorporate business based in Ontario, is it possible to incorporate it for less than 300C$?
Thanks
No - not possible for less than $300.
 

Copingwithlife

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Jul 29, 2018
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Hello,
We are looking for the cheapest way to incorporate business based in Ontario, is it possible to incorporate it for less than 300C$?
Thanks
If paying the incorporation fee of $300 is a roadblock in incorporating, then you probably want to research how much it costs each year to keep your companies charter active with the province and filing your yearly T2 . Which if you use an accountant can run up to $1000
 

Clorets90

Hero Member
Apr 17, 2017
242
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These are the minimum fees you can try https://www.ownr.co/ or do it yourself through the government website there is federal and provincial incorporation for more general info watch youtube or ask here for more LEGAL accurate info aske CPA or Government agent, the government website has all the info you want...

I was like you some accountants will quote you some crazy amounts while others will charge you as low as $25-50. plus incorporation fee!

Good luck!
 

BC4life

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You can consider setting up a sole proprietorship by registering a business name for $60
 

joe_chris44

Newbie
May 13, 2021
2
0
I think it's not possible for less than $300. In Ontario, you have two different ways to incorporate your business. You can either manually make and file Articles of Incorporation or you can use a licensed third-party portal to incorporate the business online or electronically. But I should say, you better incorporate your business with the help of a service provider to avoid mistakes and to make the process is fairly simple. Also, there are categories such as Federal incorporation and Provincial incorporation, so you may get confused about the merits and demerits of these two if you incorporate your business manually.