Corporations Canada — Starting a Business
Canada
Incorporate your business
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateNovember 20, 2023
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
<p>If you are starting a business, learn about the benefits related to incorporation, the steps to federally incorporate your business and how to name your business.</p>
grant_single_labels|projects
This grant facilitates the process of starting different types of corporations through incorporation under various Canadian federal acts. It covers the aspects of choosing an appropriate business name and understanding the benefits of federal incorporation.
- Guidance on incorporating a business under the Canada Business Corporations Act.
- Assistance on forming a federal not-for-profit corporation under the Canada Not-for-profit Corporations Act.
- Support for creating a federal cooperative under the Canada Cooperatives Act.
- Information on establishing a federal board of trade under the Board of Trade Act.
grant_single|admissibleProjectsExample
$ 90,000
Launching a mobile health clinic to serve underserved populations
$ 110,000
Creating a tech incubator for youth to foster entrepreneurship
$ 150,000
Opening a women’s shelter to provide safe housing and support services
$ 60,000
Developing an eco-friendly clothing line
$ 75,000
Establishing a green roofing business to promote environmental sustainability
$ 45,000
Setting up a community kitchen to address food insecurity
grant_single_labels|admissibility
grant_eligibility_criteria|eligible_expenses
The program provides support and guidance for activities related to the incorporation of different types of business entities, offering insights into the benefits and processes involved. Eligible projects primarily involve understanding the legal and procedural aspects of incorporating businesses and organizations.
- Understanding how to incorporate a business under the Canada Business Corporations Act.
- Learning about the benefits associated with being federally incorporated, such as access to capital and lower tax rates.
- Guidance on naming a corporation legally and appropriately under federal regulations.
- Steps for incorporating a not-for-profit organization under the Canada Not-for-profit Corporations Act.
- Process for establishing a federal cooperative under the Canada Cooperatives Act.
- Instructions for setting up a board of trade under the Board of Trade Act.
- Identity management for corporations as per Corporations Canada and ISED standards.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. Here is a summary and the criteria:
- Submission of complete and accurate information
- Compliance with legal requirements
- Payment of applicable fees
- Meeting all relevant eligibility criteria
grant_single_labels|register
Here are the steps to apply for incorporating a business under the Canada Business Corporations Act:
- Step 1: Choose a Business Structure
- Decide on the type of business entity you want to incorporate, such as a regular corporation, cooperative, or not-for-profit organization.
- Step 2: Name Your Corporation
- Consult the guide on naming federal corporations to ensure compliance with naming rules.
- Ensure the business name is unique and suitable for the type of business.
- Step 3: Prepare Necessary Documents
- Complete the required forms, which may include articles of incorporation and other relevant documents.
- Gather any additional information required to complete your application.
- Step 4: File Your Application
- Apply online for incorporation and choose the appropriate online service for your business type.
- Pay the $200 online filing fee.
- Step 5: Receive Confirmation
- Receive confirmation of your filed application, typically within 1 business day for online applications.
- Once approved, obtain your certificate of incorporation.
