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How to Choose an Incorporation Plan
How to Choose an Incorporation Plan

The Online Minute Book Plan vs. the Managed Corporation Plan

Jaya avatar
Written by Jaya
Updated over 7 months ago

Ownr offers two incorporation packages, the Online Minute Book Plan and the Managed Corporation Plan. You might be wondering, what’s the difference?

Let’s start with what’s the same:

Both the Online Minute Book Plan and the Managed Corporation Plan will cover your incorporation needs. This includes:

  • Your name search and reservation

  • Government Filings (Initial Returns, Extra-Provincial Registration for Federal Ontario companies)

  • Government issued incorporation documents

  • Creation of your legally required Minute Book

This means that whichever plan you choose, Ownr will help register your incorporation with the government and create all of your required organizational documents (documents that the government doesn’t prepare for you).

*Note that both plans are eligible for the $300 cash back offer through RBC when you set up your business bank account.

So what’s the difference?

The Online Minute Book Plan

The Online Minute Book Plan costs $499 for Federal Ontario incorporations, $599 for Provincial incorporations in Ontario and Alberta, and $699 for Provincial Incorporations in BC. This plan renews at $199/year after the first year to include helping you file your Annual Return (different from your tax return) on a yearly basis.

Consider the Online Minute Book Plan for incorporation, compliance, and companies in early stages of development.

  • Annual Return Compliance Package: Annual Return filing, Shareholder & Director Resolutions, Waiver of Auditor Forms (All Legally Required & separate from the
    Tax Return    )

  • One-Off Changes: changes to your corporation such as changing address or updating directors/officers are available for a one-time fee per change

The Managed Corporation Plan

The Managed Corporation Plan starts at $998 for Federal Ontario incorporations. Provincial incorporations in Ontario and Alberta are $100 more, and $200 more in BC. This plan renews at $599/year after 1 year. Visit our pricing page for more details.

Consider the Managed Corporation Plan for incorporation, compliance, and companies in the growth stage needing additional flexibility to manage change. Includes everything in the Online Minute Book Plan, plus:

  • Unlimited company changes to Directors, Officers, and Address

  • Unlimited user accounts

  • Access legal documents often needed in the first year of business such as: NDA’s, IP Agreements, Terms of Use/Privacy Policy, etc.)

  • Opportunity to add the Shareholder and/or Employee Add-On

  • Includes CRA registration for GST/HST number and Payroll Number

  • Elevated customer support

When starting a business, change can be unpredictable. With the Managed Corporation Plan, you can take advantage of the flexibility the plan provides to ensure your company is structured the way you want. Remember that both plans will take care of your incorporation needs and you will have the flexibility to upgrade/downgrade as needed.

If you are still unsure about which plan is right for you, book a meeting with our Account Specialists for more information: Book a Meeting

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