IF I WANT TO INCORPORATE MY COMPANY, SHOULD I DO IT UNDER PROVINCIAL OR FEDERAL LAW?

Incorporating a company under Quebec provincial law or federal law in Canada has some differences that can be significant in certain cases.

Incorporating a company under provincial law is generally less costly and simpler in terms of administrative formalities. Additionally, there is no residency requirement for shareholders or directors. However, a company incorporated under provincial law must have its registered office in Quebec.

On the other hand, incorporating under federal law requires at least 25% of directors to reside in Canada. However, this process is often more complex and costly, with slightly stricter disclosure requirements.

In both cases, the company can do business in all provinces and territories of the country and even abroad, subject to registering if it has a place of business there. However, this process is often more complex and costly, with stricter disclosure requirements.