Taming the Two-Headed Beast: Conquering the Ontario Corporation Number for your Federal Corporation
So you've wrangled the federal incorporation beast and emerged victorious, congratulations! But hold on to your metaphorical cowboy hat, partner, because there's another critter waiting in the corral: the Ontario Corporation Number (OCN). Don't worry, this one's a bit less toothy.
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| How To Get Ontario Corporation Number For Federal Corporation |
Step 1: You've Got Mail (Maybe)
Did you incorporate federally and register your business with Ontario at the same time? If you did the whole two-step together through the magic of Innovation, Science and Economic Development Canada, then you might already have your OCN tucked away neatly. Check your inbox (or spam folder, because government emails love to hide) for confirmation.
But what if you didn't do the fancy double-registration tango? No sweat, saddle up for step two!
Step 2: The OCN Rodeo - Hold on Tight!
Here's where things get interesting. Mosey on over to the Ontario Ministry of Government and Consumer Services website. Don't be intimidated by all the official jargon, just channel your inner accountant and wade through the legalese. You're looking for the form titled Form 2 – Extra-Provincial Corporations – Initial Return / Notice of Change.
Tip: Watch for summary phrases — they give the gist.
Fill 'er up, cowboy! This form will ask you for some basic information about your federal corporation, like its snazzy name and where you set up shop in Ontario.
Now comes the not-so-hairy challenge: submitting the form. You have two options:
- Online: If you're feeling spry and internet-savvy, this is the fastest route.
- By Mail: For the more traditional types, you can print the form, lick a stamp (or two, depending on the weight), and send it off on its merry way.
Pro Tip: While you're wrestling the OCN to the ground, it wouldn't hurt to register for a Business Number (BN) with the Canada Revenue Agency (CRA) too. This little number will help you with all things tax-related.
Tip: Don’t overthink — just keep reading.
Step 3: Victory Lap! (But Not Quite Yet)
Once you've submitted the form, kick back and relax (with a glass of metaphorical root beer, of course). The processing time can vary, but it usually takes a few business days. When that shiny new OCN arrives, you'll be officially ready to conduct business in the great province of Ontario!
Congratulations! You've successfully tamed both the federal incorporation beast and the Ontario Corporation Number critter. Now you can get down to the real business of, well, running a business!
Howdy Partner, Got Questions?
1. How do I find out if I already have an OCN?
QuickTip: Compare this post with what you already know.
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Contact the Ontario Ministry of Government and Consumer Services directly.
2. What if I need help filling out the Form 2?
A lawyer or accountant can provide guidance, but the form itself is fairly straightforward.
Tip: Don’t just glance — focus.
3. How much does it cost to get an OCN?
The filing fee for Form 2 is currently around $60 CAD (subject to change).
4. How long does it take to get an OCN?
Processing typically takes a few business days.
5. Do I need an OCN to operate my federal corporation in Ontario?
Yes, you'll need an OCN to conduct business in Ontario.
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