🇨🇦 Cost of Setting Up in Canada

Complete cost breakdown for company formation in Canada — formation fees, annual compliance, office space, and structure-specific costs.

Cost Overview

Cost Breakdown (USD)

Formation Cost

CAD 500–3,000

Annual Compliance

CAD 1,500–6,000

Office Space

CAD 150–500/month (virtual office); CAD 2,000–8,000/month (physical office in major cities)

Cost by Structure

Federal Corporation (Corp. / Inc. / Ltd.)

Minimum CapitalNone (no statutory minimum)

Annual CostCAD 1,500–6,000

Setup Timeline1–5 business days

Provincial Corporation (British Columbia) (Inc. / Ltd.)

Minimum CapitalNone

Annual CostCAD 1,200–5,000

Setup Timeline1–2 business days

This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.