
FAQ & Definitions
Frequently asked questions
A Named Corporation is a corporation that has been registered with a unique corporate name chosen by its owners. This name is approved by the Government of Alberta and becomes the official legal name of the corporation. The use of a distinctive and meaningful name can be important for branding, marketing, and legal identity purposes, as it is the primary way the corporation is identified in the business world.
A Numbered Corporation is assigned a numerical identifier or registration number by the Government of Alberta. Numbered corporations are commonly used when business owners have not yet decided on a specific business name. Once a numbered corporation is registered, the business owner can later choose to assign a specific name to the corporation.
Bylaws are a set of rules and regulations that govern the internal operations and management of a corporation. They are established by the founders or directors of the corporation and serve as a framework for how the entity conducts its business and makes decisions.
A Minute Book also known as a corporate minute book or company records book, is a physical or digital repository of official records and documents related to the corporate governance and activities of a corporation. The minute book typically includes key documents such as: Bylaws, Resolutions, Annual Reports etc.,
When you incorporate with province of Alberta, your corporation will be automatically assigned a corporation income tax program account number. There is no cost to obtain a corporation income tax program account number. The Corporate Income Tax account is used to manage and report a corporation's income tax related activities to CRA. We will give you instructions on how to obtain your Corporate Income Tax Number.