When expanding a business across different provinces in Canada, it is crucial to understand the process of extra-provincial registration. This legal requirement ensures that a company operating in a province, while originating from another jurisdiction, complies with the respective provincial regulations. However, it is important to note that the costs associated with extra-provincial registration can vary significantly from province to province. In this blog post, we will delve into the details of extra-provincial registration costs across different Canadian provinces, shedding light on the fees, name search expenses, and annual charges involved.
Extra-Provincial Registration in Canada
Extra-provincial registration refers to the process of registering a company from one jurisdiction to operate in another province within Canada. This registration becomes necessary when a business entity is "carrying on business" in a province other than its original jurisdiction. In addition to complying with provincial laws, this process ensures that the company can access local benefits and opportunities while operating within the new province.
Fee Variations in Extra-Provincial Registration
It is essential for businesses planning to expand across provinces to be aware of the varying fees associated with extra-provincial registration. Below, we present a breakdown of the fees, name search expenses, and annual charges for each province in Canada.
Extra-Provincial Registration Fees
The fees of extra-provincial registration in Canada vary significantly across provinces. Some provinces, such as Alberta and Ontario, offer relatively lower fees with no or minimal fees, while others, like Newfoundland & Labrador and Quebec, have higher upfront and annual charges associated with the process.
| Province | One-Time Fee | Name Fee | Annual Fee | Reference |
|---|---|---|---|---|
| Alberta1 | $0.00 | $50.00 | $50.00 | Fees |
| British Columbia | $350.00 | $30.00 | $43.39 | Fees |
| Manitoba | $325.00 | $45.00 | $65.00 | Fees |
| New Brunswick | $212.00 | N/A | $220.00 | Fees |
| Newfoundland & Labrador | $560.00 | $10.00 | $180.00 | Fees |
| Northwest Territories | $300.00 | $25.00 | $100.00 | Fees |
| Nova Scotia | $0.00 | $61.05 | $274.10 | Fees |
| Nunavut | $300.00 | $25.00 | $70.00 | Fees |
| Ontario | $0.00 | $13.80 | $0.00 | Fees |
| Prince Edward Island | $275.00 | $40.00 | $275.00 | Fees |
| Quebec | $367.00 | $24.00 | $98.00 | Fees |
| Saskatchewan | $255.00 | $50.00 | $60.00 | Fees |
| Yukon | $300.00 | $40.00 | $100.00 | Fees |
Considerations for Federal Jurisdiction Corporations
In certain cases, federal jurisdiction corporations seeking to register extra-provincially may be exempt from paying the name fee. This exemption can provide some relief to businesses operating under federal jurisdiction, potentially reducing the overall fees of extra-provincial registration.
Additional Expenses
In some jurisdictions a local address and agent or attorney are required to complete the extra-provincial registration process. These requirements may cause businesses without a physical presence in that jurisdiction to incur additional expenses.
Conclusion
Expanding a business across provincial borders in Canada requires careful consideration of the extra-provincial registration fees. By understanding the fees, name search expenses, and annual charges associated with different provinces, entrepreneurs can better plan their expansion strategies and allocate resources effectively. It is advisable to consult with legal professionals or incorporation service providers who specialize in extra-provincial registration to ensure compliance with the specific regulations of each province and to navigate the incorporation process smoothly.
Disclaimer
The information provided in this blog post is based on the available data at the time of writing.
Ribbon Makes Business Easy
To keep a corporation compliant is challenging. Ribbon gives entrepreneurs the tools to help them stay compliant. From setting up minute books, maintaining registers to annual filings, Ribbon let's Entrepreneurs focus on their business. Learn more about Ribbon or email support@getribbon.ai.