business incorporation downtown toronto

Business Incorporation Services Downtown Toronto

GTA Accounting works with you to make sure that incorporating your business is a simple and easy process.

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GTA Accounting is a highly rated CPA Firm in Toronto

With over 200 5-star reviews on Google, GTA Accounting has also won awards on Clutch 2 years in a row, featured in the Toronto Star and is one of the Best Companies for 2022 on "ThreeBest Rated".

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Get Your Business Incorporated in Downtown Toronto

Beyond incorporating your business, we also have a complete range of tax and accounting services that will help you run your business smoothly, streamline all your processes, and grow it successfully. This includes tax returns, corporate taxes, bookkeeping, payroll services, and so much more. So not only do we help you start, but we also make sure you achieve all your objectives and goals by providing the best financial services and support.

We provide you with a superior and exceptional experience whether you are starting an LLC, S Corp, or C Corp.

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Why Choose GTA Accounting for Business Incorporation in Downtown Toronto?

Apart from the fact that we have the experience, skills, and knowledge that you’re looking for, we also help you with the following things:

  • You will work with a highly experienced and skilled CPA.
  • We make sure you are ready for CRA, which includes, but is not limited to, Business number, Payroll, WSIB, HST, GST, etc.
  • We provide top-notch assistance with your tax obligations.
  • We take care of all your tax planning, so you only pay the minimum tax.
  • We advise you and help you with bookkeeping and year-end tax filing.
  • We provide solutions to all your financial business problems.
  • We know the tax regulations by heart and any changes, and we benefit you with our knowledge and experience.
  • We file and return your completed business documents at a low cost with no hidden fees.
  • Our team of experts is here to help for the life of your company.
  • We simplify the red tape and jargon so you can start, run, and grow your business.
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Choose The Right Type Of Incorporation For Your Company In Downtown Toronto!

Not all men are created equal, and the same goes for all businesses. Before you start your business or incorporate it, you must realize the differences between the type of incorporations in downtown Toronto and decide which one is right for your company’s future. Suppose you are new to the incorporation processes. In that case, our business incorporation services in Downtown Toronto are just what you’re looking for.

We help you decide which type of incorporation to go for. For a new business, an LLC can be a perfect choice. It provides limited liability to the business owners, and it’s not complicated to operate. Our expert CPA will take you through the entire process and guide you towards the best choice. Call us NOW to set up your first consultation.

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Limited Liability Company (LLC)

What is an LLC, and why is it good for you? LLC stands for Limited Liability Company, and it is a combination of corporation and partnership. How is that? Around 80% of all small businesses in downtown Toronto as well as all over Canada are LLCs. LLC has fewer requirements and offers a more flexible ownership model as compared to other incorporation entities. You also get limited liability protection. This ensures that all the company’s assets are shown as in the ownership of the LLC. They are not shown as personal assets of the owner. Our expert CPA talks you through it all when they guide you through the process.

Another benefit of incorporating your business as an LLC is choosing how your business is treated as a taxable entity. This can help your business if your income tends to fluctuate.

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Canadian-Controlled Private Corporation

As you can see in the name, a Canadian-controlled private corporation is private. However, that is not the only criteria. There are other conditions as well which our Accountant can provide you with.

All of the shares of a Canadian-controlled private corporation must be owned by a non-resident Canadian, a public corporation, or a corporation whose shares are listed on a designated stock exchange. If any of the above conditions change, your business will no longer remain a CCPC. For example, if some of the shares were sold to non-residents or if some of the shareholders become non-residents, it could change the status of the business.

On the plus side, you can get a lot of tax advantages of being a CCPC. For example, you can access enhanced investment tax credits, capital gains exemptions, and R&D tax credits. Moreover, when you work with the expert CPA team of GTA Accounting, they guide you through the entire process and explain it all to you.

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Public Corporation

Your business can be a public corporation if you have a class of shares listed on a Canadian stock exchange. However, that is not the only way. You can also become a public corporation if you fall under regulation 4800(1) of the Income Tax Regulations. In addition, if you have selected or been designated as a public corporation, you can choose not to be.

You could also have a 'Controlled by a Public Corporation' business type as it is a subsidiary of a public corporation. But when you file the T2 Corporation Income Tax Return, you will not qualify as a public corporation.

If your business does not fall under any of the above types of corporations. it will be designated an “other corporation” status.

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Why Clients Choose
GTA Accounting

The majority of our clients stay with us long-term due to our availability, transparent pricing and quality of service in addition to our evolving knowledge of tax laws.

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Meet Our CPA

Nathan Kazmierski cpa toronto

Nathan Kazmierski, CPA

Tax & Assurance Partner

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Sukhdeep Thind, CPA, GTA Acclunting

Sukhdeep Thind, CPA,

Auditing, External CFO

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sohail afzal toronto cpa

Sohail Afzal, CPA,

Tax Accounting Partner

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Our Locations

Suite #504 - 260 Spadina Ave.,
Toronto, ON M5T 2E4
Unit 501 – 250 Consumers Rd,
North York M2J 4V6
Unit 101, 1056 Wilson Ave,
North York, ON M3K 1G6
5770 Hurontario St Unit 102,
Mississauga, ON L5R 3G5