By Jane Shpolska & Alessandro Perri
When considering incorporating a company, one of the biggest decisions to be made is the jurisdiction of incorporation.
What is the difference?
From a corporate law perspective, not very much. The Ontario Business Corporations Act, which governs Ontario corporations, was drafted based on the Canada Business Corporations Act, which governs federal corporations. So, both statutes are similar.
However, there are some key administrative differences you should consider before choosing your jurisdiction of incorporation.
We hope you will find this summary of advantages and disadvantages of federal (Canada) versus provincial (Ontario) incorporation helpful when making your decision.