What is an extra-provincial corporation?

What is an extra-provincial corporation?

Any company that is incorporated in Canada which wishes to carry on business in another province or territory other than the province or territory in which it is incorporated in most cases will need to be registered in that province to carry on business. This is called an extra-provincial registration.

What is the name of the statute which deals with extra-provincial corporations in Ontario?

the Corporations Information Act
4 (1) Subject to this Act, the Corporations Information Act and any other Act, an extra-provincial corporation within class 1 or 2 may carry on any of its business in Ontario without obtaining a licence under this Act. R.S.O. 1990, c.

What is an Extraprovincial company BC?

A company incorporated under the laws of a province other than BC (or federally) which operates in BC must register under the Act. a company incorporated under another statute) to register as an “extraprovincial company” within 2 months of beginning to carry on business in BC.

Can a BC company operate in Ontario?

Can our extra-provincial corporation operate under its current corporate/business name in Ontario? Yes, unless that corporate and/or business name is already used by a corporation carrying on a similar business in Ontario and using your corporate or business name would be “likely to deceive”.

What is the difference between federal and provincial corporation?

The main difference between federal and provincial incorporation is that federal incorporation gives your business increased business name protection and wider rights to carry on business throughout the entire country. This is not the case with provincial incorporation.

What is considered a professional corporation?

A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional services—such as doctors, lawyers, accountants, consultants, and architects. In a professional corporation, the owners perform services for the business as employees.

What is the difference between federal and provincial incorporation?

Can an Ontario corporation do business in another province?

A special reciprocal agreement between Ontario and Quebec allows you to incorporate your business in one province and do business in the other. Say you’re incorporated in Ontario and want to conduct your business in Quebec. You can do it without obtaining an extra-provincial licence.

What is Extraprovincial registration?

Extra-provincial registration is a process of incorporation in Canada that both Canadian corporations in Canada and foreign corporations have to go through when they seek to do business in Canada or in various provinces or territories throughout Canada.

Can you be incorporated in two provinces?

If you choose federal incorporation for your business or nonprofit corporation, you can open a registered office location anywhere in Canada, and operate in more than one province or territory without changing your corporate name.

Can a company be registered in two provinces?

Does My Business License Count in Canada? Doing Business in Other Provinces. If you choose federal incorporation for your business or nonprofit corporation, you can open a registered office location anywhere in Canada, and operate in more than one province or territory without changing your corporate name.

Do I have to register my federal corporation in BC?

Provincial and territorial legislation requires you to register your federal corporation in each province and territory in which it will conduct business. having an address, a post office box or a phone number in a province or territory, or. offering services or products in a province or territory.