Canada Company Formation |
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An affluent, high-tech economy, Canada has just entered into the 'Trillion-Dollar' Class, closely resembling the US in its market-orientated economic system and high standard of living. Canada Company formation is therefore quickly becoming a popular option for entrepreneurs looking to tap North American markets. |
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| Advantages of Canada Company Formation | ||||||
1. |
Canada Company formation has an excellent reputation. Canada Company formation is a legitimate structure domiciled in a reputable, highly regulated, international trading jurisdiction. |
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2. |
Corporation tax in Canada starts at 13.1%. |
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3. |
Canada Company formation has certain tax benefits. For example, it is possible for a shareholder to defer some income tax by retaining earnings in the Company. A corporation eligible for a small business deduction pays tax at about 25% on its first $200,000 of taxable income. The remaining tax, which is paid by the shareholders upon receipt of dividends from the corporation, is deferred until dividends are paid, whereupon the balance of the tax is levied on the Shareholder. |
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It is possible to gain a large amount of tax relief on everyday business expenses and interest payments. | |||||
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It is possible to incorporate an 'offshore' entity in Canada, which enjoys considerable tax advantages. | |||||
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Canada Company formation can be completed in one week. |
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7. |
Corporate directors are permitted for non-resident Canadian Companies. |
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It is easy to open corporate bank accounts all over the world to support Canada Company formation. |
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Canada has formed double taxation treaties with over 87 countries including the United States, Australia, Singapore, the United Arab Emirates, India, France, Germany, Russia and the UK. These treaties provide several advantages to support Canada Company formation. |
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10. |
It is possible to obtain employment and entrepreneurial visas for yourself and your staff in conjunction with Canada Company formation. For more information about Healy Consultants' migration services, kindly follow this link. |
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According to the Heritage Foundation’s 2010 Index of Economic Freedom, Canada has the 7th-freest economy in the world. Canada is also ranked 9th by the World Economic Forum on their Global Competitiveness Report 2009-2010. |
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Canada is the 8th least corrupt country in the world, according to the 2009 Corruption Perceptions Index by Transparency International. |
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In its 2009 World Competitiveness Yearbook, the Switzerland-based IMD positively ranks Canada as the world’s 8th most competitive economy. The ranking takes into account factors including economic performance, government efficiency, business efficiency and infrastructure. |
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Vancouver ranks 8th in the Monocle Quality of Life Index. The index bases its ranking on factors like quality of housing, urban scale as well as amount of crime and the quality of education and healthcare. |
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Vancouver also ranks 4th in Mercer Human Resource Consulting 2009 Quality of Living Survey, and Toronto (15th), Ottawa (16th) and Calgary (26th) follow within the Top 50 cities globally. |
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| Disadvantages of Canada Company Formation | ||||||
1. |
Active Canadian-Controlled Private Corporations (CCPCs) require that at least 50% of the voting shares are held by Canadians. |
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With a Federal Incorporation, 25% of the directors are required to be Canadian Citizens. |
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3. |
Annual accounts must be prepared and submitted to the Canada Revenue Agency. |
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Uses of Canada Company formation |
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Because of the positive image of Canadian Company formation, it is an excellent corporate vehicle to promote to customers, suppliers, investors, venture capitalists, etc. |
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2. |
Extensive Government financial assistance and incentives are available to support Canada Company formation, making Canada an ideal Regional Headquarters for your business. |
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3. |
Canadian banks offer letters of credit support to Canadian Companies engaging in international trading. |
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| Contact Us | ||||||
For more information on any of our Canada Company formation services, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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