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| INTRODUCTION |
New Brunswick is the largest of Canada's three Maritime Provinces. It is located in Eastern Canada adjacent to New England. The population in New Brunswick is approximately 729,000. New Brunswick has a dynamic and steadily diversifying economy.
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| LAW AND TAXATION |
As a Province of Canada, New Brunswick has a parliamentary system of government. New Brunswick now has the lowest small business tax rate and the country's third lowest large corporation tax rate.
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| CORPORATE REQUIREMENTS SUMMARY |
- A minimum of one director for profit corporations and a minimum of three directors for non-profit corporations are required
- A numbered company is possible in New Brunswick
- A numbered "corporation" is an entity that is issued a number by the corporate registry such as "842613 New Brunswick Ltd."
- The objective of a numbered company is to avoid having to do a Name Search (Name Reservation)
- The entity is assigned the next sequential number issued by the Ministry in the jurisdiction. It cannot be self-selected
- The Annual Return is used to update the registry records of any changes
- The Annual Return is due on the anniversary date of the registration
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| **CSC does not provide legal or financial advice** |
