How We Helped a Toronto Business Incorporate Quickly and Affordably
A Toronto-based entrepreneur approached Gondaliya CPA seeking professional assistance to incorporate their small business. With limited knowledge of corporate structures, registration requirements, and CRA obligations, they needed expert guidance to start their company quickly, compliantly, and affordably.
About the Client
Business Type: Small business / startup
Location: Toronto, Ontario, Canada
Previous Setup: Sole proprietorship with no formal corporate structure
Key Challenges:
Uncertainty about the right corporate structure
Complex incorporation process and government filings
Concern about costs and affordability
Need to ensure CRA and provincial compliance from day one
Client Objectives
Incorporate the business legally and correctly
Minimize upfront costs while staying compliant
Establish a framework for future growth and tax planning
Receive clear guidance on ongoing corporate obligations
What We Did
1. Corporate Structure Consultation
We guided the client through choosing the most suitable corporate structure (e.g., federal vs provincial, shares, directors), considering liability protection and tax planning.
2. Affordable Incorporation Services
We handled all incorporation paperwork, government filings, and registration requirements efficiently, ensuring a cost-effective solution.
3. CRA Registration & Compliance Guidance
We registered the corporation with the CRA, set up business numbers, and provided guidance on corporate taxes, payroll setup, and HST/GST obligations.
4. Ongoing Support
We advised on maintaining corporate records, filing annual returns, and planning for future growth to avoid costly mistakes.
Results
Business incorporated quickly, legally, and affordably
Corporate structure optimized for growth and tax planning
CRA registration and compliance completed without errors
Client gained confidence to operate and scale the business
Reduced administrative burden and confusion for the entrepreneur
Summary:
Toronto entrepreneurs rely on Gondaliya CPA for affordable, reliable incorporation services that simplify the process, ensure CRA compliance, and provide a solid foundation for business growth.