A named corporation gives you the ability to create a unique identity for your business. It allows you to establish customer trust by creating a brand for your company. A named corporation requires a full name search for name availability. This process can take one business day or longer depending on your province of incorporation.
A numbered corporation bypasses the requirement of a name search, ultimately saving you time and money. This is useful if your company does not need a unique identity (e.g. a landlord looking to hold ownership of their property through a corporation). A numbered corporation, with an assigned number, will not be as recognizable as a named one.