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Canada: Types of Company


This page was last updated on 5 June 2019.

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

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 apply to the business for both tax purposes and to suit the needs of the business. However, careful consideration must be given to changing the company type from one to another as this may have negative tax consequences. The different types of corporation include:

  • Canadian-controlled private corporation (CCPC)
  • Co-operative corporation
  • Public corporation
  • Corporation controlled by public corporation.

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



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