Canadian Federal Incorporation?! - GoFuckYourself.com

Freako · 02-19-2002, 06:47 PM

Hi,

I'd like to know if anyone out there can help me out, every books and websites I read about incorporation in Canada (numbered company) always forwards me to quebec's incorporation pages (which I do not want, 1 goverment playing in my money is enough).

I'd like to know what are the procedures, fees and requirements... as well as tax stuff... Everything I read says different stuff. Let's say I have 2 owners to my company, we pay X% of taxes for the company and then the revenue to the owners is tax free... right? (not taxed twice..)

Fucking goverment seems to make it hard to register... :P

Thanks!

Freako · 02-19-2002, 06:50 PM

By the way, don't buy "The complete idiot's guide to small business for Canadians"... the author is a complete idiot... It's a small business book for americans with a 2 page annex with canadian addresses... what a rip off.

kmanrox · 02-19-2002, 08:09 PM

why is everyone always talking about that god damned county in florida, canada all the time??

i never hear anyone talking about san diego county anymore... wtf

-=HUNGRYMAN=- · 02-19-2002, 08:14 PM

Freako .... that is correct ... "numbered" companies are provincial jurisdiction ...

I am 623XXXX Ontario Limited .... I have never heard of anybody being "Canada" Limited ....

Hope this helps

RK · 02-19-2002, 08:44 PM

Quote:

Originally posted by Freako
Let's say I have 2 owners to my company, we pay X% of taxes for the company and then the revenue to the owners is tax free... right? (not taxed twice..)

Fucking goverment seems to make it hard to register... :P

1. No, the corporation does not pay taxes for money it spends for business uses (like paying you) but you have to pay taxes. So if you have a registered corp. you need to do taxes for the corp. and your personal income tax.

2. Take to your accountant, he/she/they/it will be able to answer those questions. Registering is quick, easy, painless and not expensive and you can even do it without a lawyer or an accountant.

02-19-2002, 06:47 PM	#1
Freako Confirmed User Join Date: Aug 2001 Location: Adult Bouncer Posts: 217	Canadian Federal Incorporation?! Hi, I'd like to know if anyone out there can help me out, every books and websites I read about incorporation in Canada (numbered company) always forwards me to quebec's incorporation pages (which I do not want, 1 goverment playing in my money is enough). I'd like to know what are the procedures, fees and requirements... as well as tax stuff... Everything I read says different stuff. Let's say I have 2 owners to my company, we pay X% of taxes for the company and then the revenue to the owners is tax free... right? (not taxed twice..) Fucking goverment seems to make it hard to register... :P Thanks! __________________ AdultBouncer Freak! Adult Bouncer AVS - Free hosting & content

02-19-2002, 06:50 PM	#2
Freako Confirmed User Join Date: Aug 2001 Location: Adult Bouncer Posts: 217	By the way, don't buy "The complete idiot's guide to small business for Canadians"... the author is a complete idiot... It's a small business book for americans with a 2 page annex with canadian addresses... what a rip off. __________________ AdultBouncer Freak! Adult Bouncer AVS - Free hosting & content

02-19-2002, 08:09 PM	#3
kmanrox aka K-Man Industry Role: Join Date: Oct 2001 Location: The Gutter Posts: 29,292	why is everyone always talking about that god damned county in florida, canada all the time?? i never hear anyone talking about san diego county anymore... wtf __________________ Crypto HODLr Crypto mining Angel investor

02-19-2002, 08:14 PM	#4
-=HUNGRYMAN=- Confirmed User Join Date: Jun 2001 Location: Between your mamma's legs Posts: 4,753	Freako .... that is correct ... "numbered" companies are provincial jurisdiction ... I am 623XXXX Ontario Limited .... I have never heard of anybody being "Canada" Limited .... Hope this helps __________________