Benefits of a federal incorporation
Source: Federal Government Incorporation Web Site
Once federally incorporated, business and not-for-profit corporations also benefit from:
Use Of A Name Across Canada
- registered office location anywhere in Canada
- recognition as a Canadian entity.
Incorporating at the federal level means that a corporation can operate under the same name across Canada. This flexibility can be very useful, especially if the corporation decides to have operations in different provinces or territories.
Registered office location anywhere in Canada
A corporation's registered office can be located anywhere in Canada. Canadian entities incorporated under other laws may not benefit from this latitude. Business corporations and not-for-profit corporations also enjoy flexibility with regard to the location of their annual meetings. They can even be held electronically or outside the country.
Recognition as a Canadian entity
Business corporations incorporated under the CBCA and not-for-profit corporations incorporated under the NFP Act benefit from international recognition as Canadian entities. This is an important consideration if the corporation has clients abroad or is considering operating there.