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Canada: Types of Company


Apart from those business structures listed below, businesses in Canada can also take the form of sole proprietorships, joint ventures and trusts. It is also possible to establish unlimited liability companies in Nova Scotia, Alberta and British Columbia.

There are a number of corporate structures that can be used; it is necessary at the end of the tax year to choose which of these structures applies to the business for both tax purposes and so as to best suit the needs of the business. However, careful consideration must be given to changing the corporation type from one to another as this may have negative tax consequences. The different types of corporation include:

  • The Canadian-Controlled Private Corporation (CCPC);
  • The Co-operative Corporation;
  • The Public Corporation; and
  • The Corporation Controlled by Public Corporation.

Details of these types of corporation are available on the Canada Revenue Agency website.



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