Ontario Corporation formation costs in Canada
Government filing from $220 · annual maintenance from $0
Last verified: June 13, 2026
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Cost summary
State Filing
$220
one-time
Mandatory Annual Fee
$0
per year
First-Year Total
$540
incl. required services
Annual Ongoing
$240
from year 2
Cost Breakdown
Detailed breakdown of formation and ongoing costs
| Item | Type | Amount |
|---|---|---|
| State filing fee (Ontario Business Registry - $300 CAD) | One-time | $220 |
| NUANS Name Search Report | One-time | $30 |
| Corporate Minute Book & Share Issuance | One-time | $50 |
| Registered Office Address (Virtual Office) | Annual | $240 |
| Ontario Annual Return Filing (Government Fee) | Annual | $0 |
| First year total | $540 | |
| Annual ongoing | $240 | |
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Ontario Corporation cost FAQ
How much does it cost to form a Ontario Corporation?
The government filing fee starts at $220. Including required services, expect a first-year total of about $540.
What are the annual costs of a Ontario Corporation?
The mandatory state/annual fee starts at $0. With recurring services like a registered agent, total ongoing costs are about $240 per year.
How long does Ontario Corporation formation take?
Standard processing takes 1 business day. Expedited processing (Same day for an extra $100) is available.
Is a registered address required in Canada?
Yes. Typical cost: $200 - $600 CAD/year. Virtual offices are allowed.
Is there a minimum capital requirement for a Ontario Corporation?
No, there is no minimum capital requirement. No minimum capital requirement. Shares can be issued for any amount, typically $1 per share.
Can I form a Ontario Corporation remotely?
Yes, no local director is required. Ontario removed the Canadian residency requirement for directors in 2021. 100% foreign directors are allowed.
Related pages
Complete Ontario Corporation formation guide
Taxes, requirements, banking, and step-by-step setup
Federal Corporation costs
Filing $146 · annual $9
British Columbia Corporation costs
Filing $277 · annual $32
Alberta Corporation costs
Filing $200 · annual $65
Ontario Limited Partnership (LP) costs
Filing $155 · annual $0
Tax simulator
Model your net profit with Ontario Corporation
Estimates based on guide data and typical market rates. Actual costs vary by provider and circumstances.