{"id":1170,"date":"2026-05-15T18:04:02","date_gmt":"2026-05-15T18:04:02","guid":{"rendered":"https:\/\/kalyxavocats.ca\/?page_id=1170"},"modified":"2026-06-26T19:15:40","modified_gmt":"2026-06-26T19:15:40","slug":"faq","status":"publish","type":"page","link":"https:\/\/kalyxavocats.ca\/en\/faq\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"
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Frequently Asked Questions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Incorporation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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What is the difference between provincial and federal incorporation? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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The two options are quite similar in their operation, but differ on a few key points. For example, a federal corporation can establish its head office in any province, whereas a Quebec corporation must have it in Quebec. Also, federal law requires that at least 25 directors be Canadian citizens or permanent residents\u2014Quebec law imposes no such requirement. We recommend that you consult with us to determine which option best suits your situation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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How long does the incorporation process take? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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At Kalyx Avocats, we process the majority of incorporation files in 3 to 5 working days, depending on the complexity of your structure and the speed of processing by government authorities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Do you need to incorporate or can you operate as a self-employed worker? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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It depends on your situation. Incorporation offers tax advantages and protection of your personal assets, but it also entails additional administrative obligations. We recommend consulting with us to assess what best suits your specific circumstances.<\/span><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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How much does incorporation cost with Kalyx Avocats? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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We offer three incorporation packages tailored to different needs. Pricing is transparent and there are no hidden fees. Visit our Incorporation page to view our packages or contact us for a personalized quote.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Transactional services<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Do I need a shareholders' agreement? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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If your company has more than one shareholder, we highly recommend a shareholders' agreement. It defines the rules of engagement between partners and prevents future conflicts on issues such as major business decisions, the right to refuse a share sale, or what happens if a shareholder wants to leave the company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Does my minute book need to be up to date? Why is this important? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Yes, corporations are legally required to maintain an up-to-date minute book. A non-compliant minute book can cause problems with transactions, financing, or tax audits. Some of our packages include minute book updates, and we also offer this service separately.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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What is a tax rollover and why would I need one? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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A tax rollover (under section 85 of the Income Tax Act) allows assets to be transferred to a corporation without triggering immediate taxation. It is often used when a self-employed individual decides to incorporate and wishes to transfer their business assets to their new company without tax implications.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Taxation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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What is the difference between a tax lawyer and an accountant? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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The accountant primarily handles the preparation of tax returns and financial statements. The tax lawyer or tax specialist focuses on proactive tax planning, corporate reorganizations, and the legal aspects of taxation. The two often work together to offer a comprehensive service.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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When should I consult a tax specialist? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Ideally, before making any important decision about your business: when incorporating, before welcoming a new partner, before buying or selling a building, before selling your business, or when planning your retirement.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t

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General<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Do you offer free consultations? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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We offer a brief initial consultation to assess your situation and direct you to the appropriate services. Contact us to schedule an appointment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Do you serve clients outside of Montreal? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Yes. Thanks to our digital tools, we can serve clients throughout Quebec and Canada. Most of our interactions can take place via videoconference or email.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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How long does it take to complete a corporate transaction? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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This varies depending on the complexity of the transaction. A simple share issue can be completed in 3 to 7 business days. More complex transactions, such as a corporate restructuring or a shareholders' agreement, can take 2 to 4 weeks, depending on the availability of the parties involved and the complexity of the case.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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How does the process work for hiring Kalyx Avocats? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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It's simple. Contact us via our online form or by phone to describe your needs. We'll send you a quote and, if you accept it, we'll have you sign a mandate letter. Then all you have to do is provide us with the required information, and we'll take care of the rest.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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Do you work with partners for accounting, finance, and automation services? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Yes. At Kalyx Lawyers, we have built a network of trusted partners specializing in accounting, corporate finance, grants, and automation and artificial intelligence. We can connect you with the right experts for your needs. Visit our Strategies page to learn more.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t

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Ready to launch your business?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Let's discuss your project and find the best structure for you. No commitment, no pressure.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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FAQ Incorporation Quelle est la diff\u00e9rence entre une incorporation provinciale et f\u00e9d\u00e9rale ? Les deux options sont assez similaires dans leur fonctionnement, mais diff\u00e8rent sur quelques points cl\u00e9s. Par exemple, une soci\u00e9t\u00e9 f\u00e9d\u00e9rale peut \u00e9tablir son si\u00e8ge social dans n’importe quelle province, alors qu’une soci\u00e9t\u00e9 qu\u00e9b\u00e9coise doit obligatoirement l’avoir au Qu\u00e9bec. \u00c9galement, la loi f\u00e9d\u00e9rale […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-1170","page","type-page","status-publish","hentry"],"_hostinger_reach_plugin_has_subscription_block":false,"_hostinger_reach_plugin_is_elementor":false,"_links":{"self":[{"href":"https:\/\/kalyxavocats.ca\/en\/wp-json\/wp\/v2\/pages\/1170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kalyxavocats.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/kalyxavocats.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/kalyxavocats.ca\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kalyxavocats.ca\/en\/wp-json\/wp\/v2\/comments?post=1170"}],"version-history":[{"count":25,"href":"https:\/\/kalyxavocats.ca\/en\/wp-json\/wp\/v2\/pages\/1170\/revisions"}],"predecessor-version":[{"id":1619,"href":"https:\/\/kalyxavocats.ca\/en\/wp-json\/wp\/v2\/pages\/1170\/revisions\/1619"}],"wp:attachment":[{"href":"https:\/\/kalyxavocats.ca\/en\/wp-json\/wp\/v2\/media?parent=1170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}