Why Might a Business Choose to Incorporate Federally Instead of Provincially

question 41

Multiple Choice

Why might a business choose to incorporate federally instead of provincially?

• A) Provincial corporations can carry on business in only one province at a time.
• B) It is generally cheaper to register as a federal corporation if carrying on business in more than two provinces.
• C) It is more expensive to incorporate a provincial corporation than a federal corporation.
• D) Unlike provincial corporation,federal incorporation allows a business to conduct international operations.

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Definitions:

Program

A set of related measures or activities with a particular long-term aim or a sequence of instructions to perform a specific task by a computer.

Applicants

Individuals who apply for something, such as a job, course, or program, seeking to fulfill certain criteria to obtain it.

Turned Away

Refers to being denied entry or access to a place, service, or opportunity often due to capacity, requirements not being met, or other restrictions.

Ethnicity

A classification based on shared cultural, linguistic, or ancestral traits.