How to Incorporate Your Canadian Business Online in 10 Minutes! (Quick & Cheap)

Рет қаралды 12,073

Күн бұрын

In this video, we speak about the quickest and cheapest way to incorporate your Canadian business online. Enjoy! Incorporate your business: ised-isde.canada.ca/site/corp...
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Пікірлер: 66

@GriffinMilks 10 ай бұрын

My Free Courses: ✅ My FREE Stock Market Investing Course: skl.sh/3ODk1tN ✅ A Beginner's Guide to Personal Finance: www.udemy.com/course/beginner-guide-personal-finance/?referralCode=A003C9306D1F100D2FCD Trading/Investing Accounts: ✅ Get $50 & Commission-Free Trades on Wealthsimple Trade: wealthsimple.sjv.io/yxYA3 ✅ Open a TFSA with Questrade and get $50 in FREE Trades: bit.ly/Questrade-Griffin

@hellotinashe 10 ай бұрын

This is great! I've been thinking about changing my business from sole proprietor to incorporated but been dreading the paperwork. This definitely makes it palatable, so THANK YOU!

@GriffinMilks 10 ай бұрын

Glad it was helpful!

@andyprokopchuk 10 ай бұрын

This is awesome! I will use this video in the Entrepreneur 20 class I teach. I've already used so many of your videos in my financial literacy class.

@GriffinMilks 10 ай бұрын

Awesome! Thank you!

@steph_writes_fiction 3 ай бұрын

Super helpful, thank you!!!!!!

@SophieAnnaston 10 ай бұрын

Super helpful!!

@GriffinMilks 10 ай бұрын

Glad it was helpful!

@iamashley7512 3 ай бұрын

Your video helped me alot! Just incorporated my business ☺

@GriffinMilks 3 ай бұрын

Sweet! Thanks for watching

@ashleymu8852 6 ай бұрын

thank you so much, its so helpful!

@GriffinMilks 6 ай бұрын

Glad it was helpful!

@Mikalyn 2 ай бұрын

super helpful to follow along!! incorporated :)

@GriffinMilks 2 ай бұрын

Glad it was helpful!

@hyunjulee1140 10 ай бұрын

This is super helpful. 🙏🙏

@GriffinMilks 10 ай бұрын

Great! Thanks for tuning in

@samirrustami5778 10 ай бұрын

Hi Griffin, Thank you so much for the amazing and productive videos. I have been learning a lot from them. I live in Alberta and have opened an account on Amazon US and want to do wholesale FBA. I have a couple of questions. * Does corporation only help us in taxation or also in buying products from product suppliers? As I heard they only sell their products to a business/corporation not individuals. * I can’t provide EIN as a Canadian, what should I use in W8 tax form? * What bank do you suggest for cross border banking? Please make a step by step video on how to contact and buy products from suppliers. Thank you Griffin!

@beingintrinsic 2 ай бұрын

I am BLOWN AWAY by the quality of your AMAZING video. Subscribed! Need to know if you can add DBAs to the Simple Inc option vs the Custom? Example: if my leadership education training company (online) business that has electronic products and may in a year buy a retreat property in Europe, is complex enough to warrant incorporating the Custom method?

@enduranceeruabor7684 5 ай бұрын

Hi G. I im going through the steps with the video and am so happy it's easy to follow. Question: what if I change the paid name from my initial name to an updated one because the name is already a website in another country. i don't want to mix them up.

@willweiss3205 10 ай бұрын

great content Griffin.

@GriffinMilks 10 ай бұрын

Thanks for watching Will!

@morningstar3741 10 ай бұрын

Griffin, no matter what stage of life i’m at, you always seem to put out the perfect video for what I need at the current moment. Mind reader!!

@GriffinMilks 10 ай бұрын

There you go, I've got a super power :) Thanks for watching

@rosieanriversmommala9782 3 сағат бұрын

Thank you! I went to the wrong place and it was so frustrating - business registered :)

@atial8831 5 ай бұрын

Thank you for the great video. Can you make a video on how to remit GST/HST for first-timer filing GST/HST?

@GriffinMilks 5 ай бұрын

I’ll consider it!

@note2020 Ай бұрын

Can a numbered name company have alphabets in it such as 123A? Thank you

@adnanmahirsaroglu 6 ай бұрын

Is it a must to hire a accountant?

@ferhengmislim6037 3 ай бұрын

Hello I registered incorpora but I didn’t receive payment Also it’s been two days I registered and I didn’t receive any email What should I do ?

@user-cj9ij3fy3w 4 ай бұрын

hiii , I SUBMITTED BUSINESS COROPERATION FILE OF MY HUSBAND BUT ON THE ARTICLES OF INCOROPERATION PDF AT THE END MY NAME IS APPEARED , I HAVE A DOUBT , ARE WE ON THE RIGHT TRACK OR NOT ? PLEASE REPLY ME .

@andresfonseca9466 4 сағат бұрын

where do I choose a provincial corporation? or this is only for federal?

@bhartibharti3274 5 ай бұрын

Hi griffin thanks for the useful video I am not sure about my case I am a home baker I want to incorporate my bussiness its a home based . How do I pay taxes on it? Whats the tax scenerio in my case I am not getting much order due to recession I am pretty confused about everything

@GriffinMilks 5 ай бұрын

You’re not obligated to incorporate if it’s a very small business. You can run it as a sole proprietorship and report income on your personal tax return.

@jolettac6685 2 ай бұрын

I read on ownr website that a provincial corp can still do business anywhere in CA and also internationally. There are no restrictions with who they can do business with.

@note2020 Ай бұрын

I guess a provincial corp can not receive federal loan.

@aaronhaynez1014 3 ай бұрын

If my business is in person only in one province but I want to run virtual services worldwide, does it still work to only have provincial corporation

@GriffinMilks 3 ай бұрын

Yes, that's irrelevant

@namunuhimasa8082 6 ай бұрын

Thank you for the details. I have 2 questions. 1. Can I have a company name later down the line after registering as a basic incorporation? What is the process? 2. Also, if my online business is currently having a name, how can I link the name with the basic company name which is a number. Thank you

@GriffinMilks 6 ай бұрын

1. Yes you can. You can pay a fee for a change request. 2. If you already have a company name, you can choose to « do business as » that name on behalf of the numbered company (same company under the hood)

@namunuhimasa8082 6 ай бұрын

@@GriffinMilks thank you for the reply!!

@eliasbara5350 4 ай бұрын

Should I open a business bank account, whats could help me with?, and does this way make me get a certificate of incorporation or business registration license to verify my business on facebook ads manager?

@GriffinMilks 4 ай бұрын

If you have an active corp, you need a business bank account, yes.

@mo2k2 12 күн бұрын

how many income streams can i have coming into one business account. lets say i have 2 ecom stores and a marketing agency, can i have income come in from each of them into one corporation or should i set up multiple corporations for each?

@GriffinMilks 12 күн бұрын

You can in theory. Totally depends on the goal of your corporations though and their structure.

@sukantsharma7962 3 ай бұрын

I'm confused with the term "Canadian Resident"? I'm on work permit living in canada for more than a year so can I be canadian resident & open corporation?

@GriffinMilks 3 ай бұрын

Yes. You’re a resident. Not necessarily a citizen, but a resident

@garriedhillon8515 6 ай бұрын

hi griffin, when i try to incorporate business i face error when adding director that it should be 25% canadian . i am on work permit so what can i do ?

@GriffinMilks 6 ай бұрын

I’m not sure. Contact Corporations Canada with a question like this.

@parambhullar5229 4 ай бұрын

Hello Brother.. Can you help me out in the same issue. What did you done with 25% canadian ?

@garriedhillon8515 4 ай бұрын

@@parambhullar5229 bro just say yes when they ask for permanent residency even your on wp

@user-bn5bk4od9g 3 ай бұрын

Once you incorporate, I hear you have to have your accounts balanced and might need more accounting services to keep up with book keeping. Is that true?

@GriffinMilks 3 ай бұрын

Yes, you have additional accounting requirements with a corporation

@user-bn5bk4od9g 3 ай бұрын

Hey also, my wife and I own a clinic. Our accountant said to maybe incorporate each other separately to save more on taxes than having just one corporation . Have you heard of this ?

@nimairkajani 5 ай бұрын

Hi , can I incorporate my business as a student ? If yes can you tell me how can we do it

@GriffinMilks 5 ай бұрын

As long as you're over 18, yes you can.

@user-jg2fy3cf5l 6 ай бұрын

It doesn't make sense to incorporate federally unless you live in Ontario. For any other province you need to incorporate provincially even if you incorporated federally and have to pay for both. So I recommend one incorporate provincially first then if you want to expand look into incorporating federally.

@ashleymu8852 5 ай бұрын

I live in bc and I registered under federal....do I need register under BC again?

@deedouglas8562 21 күн бұрын

If I incorporate my business does that automatically trademark my business name?

@GriffinMilks 21 күн бұрын

No it does not

@samirrustami5778 10 ай бұрын

Hi sir, Please reply, I really need your help. Thank you!

@GriffinMilks 10 ай бұрын

Yes

@georgealbertacanadaeh1038 5 ай бұрын

No, everyone pays the same tax in Canada! Does not matter if you are self-employed sole proprietorship or a registered corporation! The only difference is if incorporated you won't be sued personally and lose personal items. The Canadian Government taxes everyone at the same rate! George Nylan, Accountant

@PurityPainting 3 ай бұрын

The corporation pays less tax. You, as an individual, pay the same tax at 53%. Which is literal robbery. But you can claim less as an individual

@note2020 Ай бұрын

Please remove that background music.

@GriffinMilks Ай бұрын

Thanks for the feedback and for watching!