Provincial incorporation is a great option for brands operating within only a few specific regions — and British Columbia is the perfect place to start a small business. Between 2014 and 2017 alone, B.C. saw a 7.7% rise in small businesses — more than double the federal rate of growth for the same period. As of 2017, small businesses in British Columbia made up 98% of the province’s total business count — and that number is only growing.
Competitive Edge
British Columbia has a thriving economy built on the success of its small businesses, of which 44% are incorporated. As Canada’s leader in small business growth, B.C. is the ideal place to incorporate and grow your business with a competitive advantage.
Significant Tax Breaks
Small businesses in B.C. receive a lower corporate tax rate of only 2% once incorporated, compared to the higher rate of 12%. Aside from Manitoba, B.C. has the lowest corporate tax rate in Canada.
Easy to Expand
B.C. is part of the New West Partnership Agreement, allowing incorporated businesses in one West Coast province, including British Columbia, Alberta, Saskatchewan — and as of 2020, Manitoba — to seamlessly register across each additional province for no extra fee.
Fewer Restrictions
Unlike some Canadian provinces, British Columbia does not require businesses to have a Canadian resident sit on its board of directors in order to incorporate within the province. Anyone can start a business here!
