Eight LocksTax & Accounting · Ottawa

Incorporation

Incorporation help

Should you incorporate? If so, federally or in Ontario? We help you decide, set up and register correctly from day one.

Who it's for
Sole proprietors with growing profits and founders starting a new company.
Turnaround
Set-up usually completed within two weeks of your decision
Deadline to know
Choose a year-end that fits your business cycle

What's included

  • A plain-language comparison: sole proprietorship versus corporation
  • Help choosing Ontario (OBCA) or federal (CBCA) incorporation
  • Fiscal year-end and share structure discussion
  • CRA program accounts: corporate income tax, GST/HST and payroll
  • Opening entries and a bookkeeping set-up
  • Referral to a lawyer for articles, by-laws and minute book if you want one

How it works

  1. 1

    Assess

    We model your taxes as a sole proprietor and as a corporation.

  2. 2

    Decide

    You choose jurisdiction, name, year-end and share structure.

  3. 3

    Register

    Incorporation is filed and CRA program accounts are opened.

  4. 4

    Start clean

    Your books, payroll and HST are set up from the first transaction.

Documents checklist

0 of 4 ready

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Questions about incorporation

When does incorporating make sense?

Often when you earn more than you need to live on and can leave profits in the company, or when you want limited liability. It adds cost and paperwork, so we run the numbers first.

Ontario or federal?

Ontario incorporation suits most businesses that operate mainly in Ontario. Federal incorporation gives broader name protection across Canada but requires extra provincial registration. We explain both.

Are government fees included?

No. Government filing and name search fees are charged at cost and shown separately on your quote.

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