Our Global Network

Doing business in Canada

How quickly can I set up a business?

1-2 weeks

 

What is the minimum investment needed?

There is no minimum.

 

How can I raise finance?

Shareholders may advance funds, third party shareholders may invest, bank or private lending.

What are the legal requirements for setting up my business?

You can operate as a branch of the existing foreign entity or incorporate a Canadian subsidiary, either federally or provincially.

What structure should I consider?

This depends on whether the business in Canada has a permanent establishment.  In the case of a permanent establishment, the usual recommendation would be a subsidiary Canadian corporation.

Our firms in Canada
How can Kreston grow your business?
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Latest news

BEPS

Understanding BEPS implications with crypto-clients

Pretino Albury discuses BEPS-compliant crypto policies, aligning with global standards, mitigating risks, and ongoing compliance in taxation.

US issues final accounting standards for (certain) Crypto Assets

On December 13, 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-08, titled “Accounting for and Disclosure of Crypto Assets”, an amendment of FASB Codification Intangibles—Goodwill and Other— Crypto Assets (Subtopic 350-60), to address the accounting challenges posed by cryptocurrency.

Artificial intelligence

Artificial intelligence in the accounting industry

Rob McGillen, Chief Innovation Officer at CBIZ comments on the impact that AI is having on the accounting workforce for AAT Magazine.