Question 1

How do I incorporate a business in Canada as a foreign company?

Accepted Answer

A foreign company can incorporate a Canadian subsidiary federally (under the Canada Business Corporations Act) or provincially (e.g., under the Ontario Business Corporations Act). Setup includes a name search, Articles of Incorporation, a Business Number with CRA accounts (corporate tax, GST/HST, payroll as needed), and a bank account, plus registrations such as Ontario extra-provincial registration, WSIB, and Investment Canada Act notification where applicable. We handle every step in the right order.

Question 2

Is there a Toronto CPA who speaks Korean and handles cross-border tax?

Accepted Answer

Yes. Julia Kim CPA Professional Corporation is a Toronto-based firm focused on cross-border tax and accounting for Korean and U.S. companies doing business in Canada. We work fully in Korean and English. Julia is a CPA in Canada (Ontario) and the U.S., with roughly 19 years in finance, including J.P. Morgan and TD Bank. 카카오톡으로도 편하게 문의하실 수 있습니다.

Question 3

How much does it cost to set up a Canadian corporation for a foreign parent?

Accepted Answer

Government fees are modest: federal online incorporation is 0, Ontario online is 0, and a NUANS name search is a small additional fee. Our professional fee covers the incorporation itself plus the Business Number, CRA accounts, and the initial tax set-up, and it depends on scope. Our Canada Entry Package is priced as a fixed fee, so you know the cost before we start. Contact us for a quote.

Question 4

Do I need a Canadian resident director to incorporate in Canada?

Accepted Answer

Not necessarily. Federal incorporation and Ontario (since July 2021) no longer require a Canadian resident director, so a foreign parent's directors can serve on their own. Requirements vary by province, so we help you choose the jurisdiction and the governance setup with that in mind.

Question 5

Do we (a Korean or U.S. company) need to file corporate tax in Canada if we open a subsidiary?

Accepted Answer

Yes. A Canadian subsidiary is a separate Canadian corporation and must file a T2 return every year, even in a year with little or no activity. GST/HST and payroll filings apply if you are registered or have employees. Dividends paid to the parent are subject to non-resident withholding, at a reduced treaty rate. A branch (permanent establishment) also files a T2 on its Canadian profits. In addition, branch tax may apply when profits are repatriated. The subsidiary-versus-branch choice affects tax, liability, and reporting, and we advise on it under the Canada–Korea and Canada–U.S. treaties.

Question 6

What is a Regulation 105 waiver and can you file it for us?

Accepted Answer

Regulation 105 requires a Canadian payer to withhold 15% from fees paid to a non-resident for services performed in Canada, and the payer is liable if it does not. A waiver application asks the CRA to reduce or eliminate that withholding. Quebec has a separate, additional withholding process. Yes, we prepare and file R105 waivers for Korean and U.S. service providers and follow up with the CRA.

Question 7

Do we have a Permanent Establishment (PE) in Canada?

Accepted Answer

It depends on the facts. A fixed office, a dependent agent, or a long-running project or service engagement can create a PE under the permanent establishment article of the Canada–Korea or Canada–U.S. treaty, and a PE means Canadian corporate tax and filing obligations. We review your actual activities and, with your authorization, represent you if the CRA asks questions.

Question 8

한국어로 상담 가능한가요? / Do you serve Korean-speaking clients?

Accepted Answer

네, 한국어와 영어 모두 가능합니다. 대표 회계사 Julia Kim은 한국에서 로펌과 미국계 투자은행을 거쳐 캐나다에서도 금융 및 세무, 회계 경력을 쌓았습니다. 카카오톡, 이메일, 전화로 편하게 상담해 주세요.

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