Incorporation Services in North York
We incorporate North York businesses. Federal and Ontario incorporation, NUANS name search, investor-ready share structure, complete minute book, Business Number registration, HST and payroll accounts, sole proprietor to corporation conversion. Incorporation from just $35. No hourly billing. 900+ five-star reviews.
We Incorporate North York Businesses the Right Way from Day One
We incorporate businesses in North York every week: tech startups and SaaS companies near Yonge and Sheppard, medical clinic owners on Bathurst and Finch, IT consultants in Willowdale and Bayview Village, restaurant operators on Yonge Street, real estate investors across North York, professional services firms at Yonge and Steeles, e-commerce operators in Don Mills and Newtonbrook and construction contractors across the north end of Toronto. Every incorporation includes a multi-class share structure, complete minute book, CRA registrations and a tax planning conversation that sets the foundation for paying the lowest possible tax from your first dollar of revenue.
The most common mistake North York business owners make is incorporating after they have already started earning income. A sole proprietor who incorporates 2 years late at $150,000/year in income has already paid $48,000 to $60,000 more in tax than they would have as a corporation. We incorporate you before you earn the first dollar so every dollar flows through the corporation at 12.2% instead of up to 53.53% personal. Our service fee is just $35.
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Sole Proprietorship vs. Corporation: The Tax Impact for North York Businesses
| Annual Income | Sole Proprietor Tax (Ontario) | Corporation Tax (12.2% SBD) | Annual Savings from Incorporating |
|---|---|---|---|
| $80,000 | $18,200 | $9,760 | $8,440 |
| $120,000 | $31,400 | $14,640 | $16,760 |
| $150,000 | $42,300 | $18,300 | $24,000 |
| $200,000 | $62,400 | $24,400 | $38,000 |
| $300,000 | $104,600 | $36,600 | $68,000 |
| $500,000 | $196,900 | $61,000 | $135,900 |
Every Year You Delay Incorporation Costs You Money: At $150,000 income, the annual tax difference is $24,000. Two years as a sole proprietor before incorporating: $48,000 in additional tax you will never recover. Our incorporation service fee is just $35 (government filing fee additional). The cost of not incorporating at $150,000 in income is $24,000 per year. Incorporate before your first dollar of revenue, not after.
Federal vs. Ontario Incorporation for North York Businesses
| Feature | Federal (CBCA) | Ontario (OBCA) |
|---|---|---|
| Filing fee | $273 (Corporations Canada) | $335 to $360 (ServiceOntario) |
| Name protection | Canada-wide. No other federal corporation can use the same name. | Ontario only. |
| Operating across provinces | Automatic right to operate in every province. | Ontario only. Must register extra-provincially in each other province. |
| Named vs. numbered | Numbered: no NUANS ($273 total). Named: NUANS required ($273 + $13.80). | Numbered: no NUANS ($335). Named: NUANS required ($335 + $13.80). |
| Residency requirement | At least 25% of directors must be Canadian residents. | No Canadian residency requirement for directors. |
| Best for North York businesses | Tech startups planning to sell nationally, SaaS companies with customers across Canada, businesses planning to raise investor capital. | Medical professional corporations (OBCA required for MPCs). Businesses with non-resident directors. Businesses operating only in Ontario. |
Our Recommendation for Most North York Businesses: Federal Incorporation. Federal incorporation costs less ($273 vs. $335), provides Canada-wide name protection and allows you to operate in every province. North York tech companies and SaaS startups with national customer bases benefit immediately. Ontario incorporation is required for Medical Professional Corporations and preferred when non-resident directors are involved. Incorporation Services →
What Our North York Incorporation Service Includes
| Service | What We Do |
|---|---|
| Articles of incorporation | Filed with Corporations Canada (federal) or ServiceOntario (Ontario). Includes corporation name or numbered company, registered office address, director information and share structure. Completed in 1 to 3 business days (federal) or 1 to 5 days (Ontario). |
| NUANS name search (if named company) | We conduct the NUANS search ($13.80) to confirm your chosen corporate name is available across Canada. We advise on name availability, potential conflicts and naming rules. |
| Multi-class share structure | We set up multiple share classes from day one: Class A voting common (founders), Class B non-voting common (family members, future employees) and Class C preferred (reserved for future investors). Critical for North York tech startups planning seed rounds or Series A fundraising. |
| Complete corporate minute book | Legal record of the corporation prepared and delivered: articles of incorporation, corporate bylaws, organizational resolutions, first director resolutions, share certificates, shareholder register, director register and transfer register. |
| Business Number (BN) registration | We register with CRA for your 9-digit Business Number. Required for all CRA accounts, banking and government filings. |
| GST/HST account registration | Registered with CRA. Voluntary registration recommended from day one so you can claim ITCs on all startup expenses. Zero-rated treatment for North York SaaS companies with US and international customers producing quarterly HST refunds. |
| Payroll account registration | RP account registered with CRA. Required if you plan to pay yourself a salary or hire employees. Common for North York tech startups hiring developers and medical clinics hiring staff from day one. |
| Founder vesting and share agreements | For North York tech startups with multiple co-founders, we advise on founder vesting schedules (typically 4 years with 1-year cliff) and share subscription agreements. These are critical for investor readiness and co-founder protection. |
| Banking setup guidance | We provide the documents your bank requires to open the corporate bank account: articles of incorporation, minute book extract, BN confirmation and director ID. |
| Initial tax planning consultation | Every North York incorporation includes a tax planning conversation: salary-dividend optimization, RRSP room, HST method, SBD eligibility, SR&ED eligibility for tech companies, holdco planning timeline. Included at no additional charge. |
North York Incorporation from Just $35. Tax Planning Included.
Articles, share structure, minute book, BN, HST, payroll. Everything you need to start your corporation. Government filing fee additional.
North York Incorporation: Real Client Results
SaaS Startup, Yonge and Sheppard
A North York SaaS company with 3 co-founders incorporated with a single share class and no vesting agreements. We reorganized: 4 share classes (section 86 tax-free exchange), 4-year founder vesting with 1-year cliff, Class C preferred reserved for a planned seed round, zero-rated HST on US customers producing $3,600/quarter in HST refunds and SR&ED T661 filed on $180,000 in developer salaries ($63,000 refundable credit). The reorganization positioned the company to close a $500,000 seed round 6 weeks later. If they had incorporated correctly from day one, the $8,500 reorganization cost would have been $0.
Medical Walk-In Clinic, Bathurst and Finch
A physician opening a walk-in clinic on Bathurst near Finch needed a Medical Professional Corporation. We incorporated the MPC under the OBCA with the restricted practice clause, applied for the CPSO Certificate of Authorization, set up 3 share classes, registered for BN, HST, payroll for 5 staff and prepared the complete minute book. Annual tax savings from operating through the MPC vs. sole proprietorship: $42,200 on $240,000 income. The physician was seeing patients within 16 business days.
IT Consultant, Willowdale
A North York IT consultant earning $195,000 as a sole proprietor was paying $61,200 in personal tax. We incorporated federally ($35 service fee + $273 government filing), set up 3 share classes, registered for HST (Quick Method), payroll and implemented a 60/40 salary-dividend split. Annual tax savings: $33,400. RRSP room created: $42,600. Non-voting shares issued to the spouse for LCGE preparation. Incorporation Services →
Sole Proprietor to Corporation, Restaurant (Yonge Street)
A North York restaurant owner on Yonge Street had been a sole proprietor for 4 years with $260,000 in net income and $58,000 in equipment. We incorporated, performed a section 85 rollover to transfer the equipment and leasehold improvements tax-free, set up payroll for 11 staff, registered all CRA accounts and implemented salary-dividend optimization. Section 85 rollover saved $8,200 in tax. Annual going-forward savings: $44,800.
How North York Incorporation Works at Gondaliya CPA
Consult
Free consultation to determine the best structure: federal vs. Ontario, numbered vs. named, share classes, founder vesting. We advise on the tax implications of each choice for your North York business.
Incorporate
We file the articles of incorporation, prepare the complete minute book, set up the share structure and deliver the corporate documents. Federal: 1 to 3 business days. Ontario: 1 to 5 business days.
Register
We register with CRA for your Business Number, HST account, payroll account and any additional program accounts. All registrations completed within 5 business days of incorporation.
Plan
Initial tax planning consultation included: salary-dividend strategy, RRSP room, HST method, SBD eligibility, SR&ED for tech, holdco timeline. You leave with a clear financial roadmap for your new corporation.
North York Incorporation Pricing
| Service | Our Fee (including HST) | Government Fee | What Is Included |
|---|---|---|---|
| Federal incorporation (numbered company) | From $35 | $273 (Corporations Canada) | Articles of incorporation, 3+ share classes, complete minute book, BN registration, HST registration, payroll registration, banking guidance, initial tax planning consultation. |
| Federal incorporation (named company) | From $35 | $273 + $13.80 NUANS | Everything above + NUANS name search, name availability review and conflict assessment. |
| Ontario incorporation (numbered company) | From $35 | $335 (ServiceOntario) | Same deliverables as federal. Filed with ServiceOntario instead of Corporations Canada. |
| Professional corporation (medical, dental) | From $200 | $335 + regulatory application fee | OBCA incorporation with restricted practice clause. Application to regulatory college (CPSO, RCDSO). Complete minute book with practice-restricted articles. |
| Sole proprietor to corporation conversion | From $500 | Government filing fee additional | New corporation setup + transfer of business operations. Section 85 rollover for tax-free asset transfer if applicable ($1,500 to $2,500 additional). |
| Incorporation for bookkeeping clients | FREE | Government filing fee additional | Clients who sign up for monthly bookkeeping ($100/month) receive incorporation at no service charge. Government filing fee only. T2 filed FREE every year. |
$35 Incorporation. No Hourly Billing. No Surprise Invoices. Our $35 service fee covers all preparation work, documents, CRA registrations and the initial tax planning consultation. Government filing fees ($273 federal or $335 Ontario) are paid directly to the government and are additional. Bookkeeping clients ($100/month) receive incorporation at no service charge. For all North York accounting services, visit our North York accountant page.
Types of Corporations We Set Up for North York Businesses
| Corporation Type | Best For | Key Features |
|---|---|---|
| Standard business corporation (CBCA or OBCA) | Tech startups, SaaS companies, IT consultants, restaurants, e-commerce, professional services and most North York businesses. | Multi-class share structure. SBD eligible (12.2%). Federal recommended for tech companies with national/international customers. |
| Medical Professional Corporation (MPC) | Physicians opening clinics in North York. Walk-in clinics, family medicine and specialist practices on Bathurst, Finch, Steeles, Yonge and Don Mills. | OBCA with practice restriction. CPSO approval required. Shareholders must be licensed physicians. Same SBD rate. |
| Dental Professional Corporation (DPC) | Dentists in North York. Yonge corridor, Bayview Village, Willowdale and Don Mills dental practices. | OBCA with restricted practice clause. RCDSO Certificate of Authorization required. Only licensed dentists can be shareholders. |
| Holding company | North York business owners with retained earnings exceeding $200,000. Common for established tech companies, medical practices and real estate investors. | Receives tax-free dividends from the operating company. Invests independently. Isolates passive income from SBD calculation. Creditor protection. |
| Real estate holding company | North York real estate investors with multiple rental properties. Separates rental income from active business income. | Holds rental properties separately. Prevents passive rental income from eroding the SBD on active income. |
Our North York Office
Serving North York, Willowdale, Bayview Village, Don Mills, Newtonbrook, Lansing, York Mills, Downsview, Bathurst Manor, Flemingdon Park, Yonge and Sheppard and all of North Toronto. In-person and virtual appointments available.
150 Graydon Hall Dr #912, North York, ON M3A 3B2
Phone: (647) 212-9559
Industries We Incorporate in North York
Frequently Asked Questions: Incorporation in North York
Meet Your North York Incorporation Team
Your North York incorporation is handled by licensed CPAs who incorporate businesses across North Toronto every week.
Sharad Gondaliya, CPA
Founder and Principal CPA. Oversees every North York incorporation. Specializes in tech startup share structures with investor-ready classes, medical and dental professional corporations, sole proprietor conversions, section 85 rollovers and SR&ED-ready incorporation strategies for SaaS companies.
Vandana Goel, CPA
Senior CPA. Manages CRA registrations, minute book preparation, annual corporate maintenance and post-incorporation bookkeeping setup for North York corporations. Experienced in HST registration, zero-rated export filing for tech companies and salary-dividend implementation.
What Our Clients Say
900+ five-star reviews from business owners across Ontario and Canada.
10 Smart Incorporation Strategies That Can Save North York Business Owners Money
1. Incorporate before earning your first dollar to lock in 12.2%
Every dollar earned as a sole proprietor is taxed at your personal rate (up to 53.53% in Ontario). Every dollar earned inside a corporation is taxed at 12.2% under the Small Business Deduction. A North York IT consultant earning $195,000 saves $33,400 in the first year alone by incorporating before the first contract. Our service fee is $35 (government filing fee additional).
2. Set up investor-ready share classes at incorporation to avoid a $15,000 reorganization later
A single-class share structure cannot accommodate investors, employee stock options or LCGE multiplication. Setting up 4 share classes (voting common, non-voting common, preferred seed, preferred Series A) at incorporation costs $0 extra. Reorganizing after raising money costs $5,000 to $15,000 and creates tax complications.
3. Register for HST at incorporation to recover ITCs and generate refunds on zero-rated exports
Voluntary HST registration before your first purchase allows you to claim ITCs on all startup expenses. North York SaaS companies selling to US customers charge 0% HST but claim ITCs on all Canadian expenses, producing quarterly refund cheques. A SaaS company with $50,000 in Canadian expenses and $200,000 in US revenue receives approximately $6,500/year in HST refunds.
4. Use a salary-dividend split from your first pay period to create RRSP room
Most North York business owners default to 100% dividends. But dividends create zero RRSP room. A 60/40 salary-dividend split on $150,000 creates $52,800 in RRSP room while keeping the combined tax lower than either salary-only or dividend-only.
5. Implement founder vesting from day one to protect co-founders and satisfy investors
North York tech startups with 2 or 3 co-founders need vesting agreements from incorporation. Standard: 4-year vest with 1-year cliff. If a co-founder leaves in month 6, unvested shares return to the company. Without vesting, a departing co-founder walks away with their full share ownership. Every investor will ask about vesting. Set it up at incorporation when it costs nothing.
6. Claim Immediate Expensing on equipment purchased through the corporation
A North York medical clinic buying $85,000 in diagnostic equipment or a restaurant buying $42,000 in kitchen equipment gets the full amount as a year-one deduction under Immediate Expensing. Incorporate before the purchase.
7. Use a section 85 rollover to convert from sole proprietorship tax-free
A North York restaurant owner with $58,000 in equipment who incorporates without a section 85 rollover pays approximately $8,200 in unnecessary tax. The rollover transfers everything to the new corporation at tax cost, deferring the gain.
8. Issue non-voting shares to your spouse at incorporation to multiply the LCGE
The Lifetime Capital Gains Exemption shelters $1,281,866 per shareholder. Issuing non-voting shares to your spouse at incorporation doubles the exemption to $2,563,732. This costs nothing at incorporation but saves hundreds of thousands on a future sale.
9. Plan for the holdco from incorporation so passive income never erodes the SBD
Passive investment income above $50,000 inside the operating corporation erodes the SBD, costing up to $71,500/year. We discuss the holdco timeline at incorporation and trigger the setup as soon as retained earnings reach $200,000.
10. Bundle incorporation with bookkeeping and get the service fee waived entirely
North York business owners who sign up for monthly bookkeeping ($100/month) receive incorporation at no service charge (government filing fee only). The bookkeeping includes bank reconciliation, HST filing, monthly financials and the T2 filed FREE every year. Incorporation Services →
North York Incorporation from Just $35. Tax Planning Included.
Articles, share structure, minute book, BN, HST, payroll. Everything you need to start your North York corporation. Government filing fee additional. 900+ five-star reviews.