Canada is ideal for business: transparent laws, strong systems, global market access, innovation incentives, and a smooth registration process for startups and expanding companies.
Transparent packages tailored to your business goals
Criteria
Details
Currency:
Canadian Dollar (CAD)
Official Language:
English and French
Ease of Doing Business Rank:
23rd globally (World Bank, 2020)
Average Time to Set Up a Business:
1–3 business days
Corporate Tax Rate:
15% federal + 11.5% Ontario (provincial average); lower for small businesses
VAT (Standard Rate):
5% GST federally + provincial PST or HST (varies by province)
VAT Registration Threshold:
$30,000 CAD in annual taxable revenue
Dividend Tax Rate:
15–30% depending on residency and tax treaties
Personal Income Tax Rate:
15% to 33% federally (graduated) + provincial rates
Company + Employer Contributions:
CPP (5.95%), EI (1.66%), employer-matched
Minimum Share Capital:
No minimum for corporations
Bank Account Requirements:
Mandatory for local operations
Accounting Requirements:
Annual financial statements, tax return (T2), and GST/HST filings
Audit Requirements:
Mandatory for public and large private corporations; voluntary for small companies
Business License Requirements:
Industry-dependent (e.g., food, import/export, healthcare)
Immigration Policy:
Startup Visa, Work Permits for owners, Express Entry for skilled labor
Compliance Requirements:
Annual return filing, CRA tax compliance, payroll & WSIB if hiring
Canada is a top choice for business expansion thanks to its global market access, generous R\&D tax credits, skilled workforce, flexible immigration, and fast, transparent company setup process.
Bizonaire simplifies company formation with tailored services, handling registration, banking, and global expansion for a seamless start.
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Build a credible business presence with Bizonaire’s virtual office services, including a prestigious address, professional mail handling, and on-demand workspace.
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Ensure financial stability with Bizonaire’s accounting services, covering bookkeeping, tax compliance, audits, and payroll—so you can focus on growth.
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Work smarter with Bizonaire—flexible co-working and office solutions with shared desks, private offices, meeting rooms, and 24/7 access.
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Enhance your business efficiency and growth with our expert solutions, from tax optimization to seamless company formation.
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