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Many people prefer to carry on business as a corporation.
A corporation is a legal entity separate in law from its owners. The corporation is owned by "shareholders" through their ownership of "shares" of the corporation.
Consult with your lawyer and accountant for legal, tax and accounting advice about setting up an incorporation.
Note: Before creating a federal incorporation, consider creating a provincial incorporation instead. See: Incorporation (Alberta), Incorporation (British Columbia), Incorporation (Ontario), Incorporation (Saskatchewan).
The Federal Incorporation Package allows you to create a new,
for-profitcorporation. The corporation will be registered with the Government of Canada. The Federal Incorporation Package provides a simple, direct and flexible way to incorporate your business.
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