Tourist accommodation and rentals: framing the activity
Incorporate your Magog business from $999, government fees included. Suited to tourism, accommodation and resort service businesses.
Resort living and services in the Eastern Townships
Complete legal filings
Each incorporation includes all legal filings required to create a compliant and operational corporation from day one.
Share capital structure
Depending on the option selected, your share capital structure is prepared in a simple or advanced format to support the future evolution of your business.
Digital minute book
All corporate documents are delivered in a digital minute book, ready for electronic signature and secure record keeping.
Professional validation
Documents are prepared according to established legal standards and reviewed before delivery.
Human support
Our team supports you throughout the process and provides guidance when decisions need to be made, without unnecessary complexity.
Incorporate your business
Build your company in Quebec or federally with a strong legal structure from day one.
Keep your company’s annual filings up to date and maintain compliance of your corporate minute book.
Access professional legal templates to structure relationships with your employees, partners, and suppliers.
By opening a NBC business account.
A guided process, from information gathering to final document delivery.
Each step is designed to ensure compliance and legal consistency.
Tailor your incorporation to your needs (simple or advanced structure).
Each file is reviewed before delivery to ensure a reliable outcome.
Our incorporation guides
Clear resources to help you understand the legal aspects of starting a business.
Incorporation
Discover the complete guide to incorporation in Quebec. Essential steps, expert tips and key information to create and manage your corporation.
The Complete Guide to Incorporating in Quebec (QBCA)
Everything you need to know to incorporate under the Quebec Business Corporations Act. Key actors, articles, costs and the process explained simply.
The Complete Guide to Federal Incorporation in Canada (CBCA)
Incorporate your business under the Canada Business Corporations Act. Key actors, articles, annual costs and the federal incorporation process explained clearly.
The Complete Guide to Incorporating in Ontario (OBCA)
Incorporate your business under the Ontario Business Corporations Act. Key actors, articles, annual costs and the provincial incorporation process explained clearly.
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Magog: an economy driven by the seasons
Magog lives off Lake Memphrémagog, Mount Orford and a steady but highly uneven tourist flow. Accommodation, restaurants, retail, outdoor activities, services to seasonal residents, construction and second-home maintenance make up most of the local economy.
It is an economy where you earn a lot over a few months and must carry the rest of the year. That reality directly affects which structure to favour.
Accommodation and rentals: more regulated than before
Renting a cottage, an apartment or rooms to tourists is no longer informal. Requirements have tightened: tourist accommodation authorizations, municipal zoning rules, tax obligations and applicable levies, insurance suited to commercial use.
Running that activity in your personal name exposes your assets to any claim connected to the premises or the guests. A corporation holds the operation, the authorizations and the insurance, cleanly separating business from personal.
- A separate legal person carrying the operation and any claims
- A reduced tax rate on the first $500,000 of eligible active business income
- Smoothed personal income despite very uneven seasons
- A transferable operation with its authorizations and goodwill
Online incorporation, reviewed by lawyers
Lexstart works with Eastern Townships entrepreneurs remotely: a 15-minute questionnaire, Quebec legal review, articles, digital minute book and initial resolutions. Our pricing includes government fees. See our online incorporation guide or start your incorporation.
By opening a NBC business account.
Provincial or federal for a Magog business?
A tourism business operating in Quebec has no need for the federal regime. The provincial regime is simpler and cheaper to maintain.
Mind the difference between property and operation
Owning a building and running an accommodation business are two different things, and they are not necessarily structured the same way. Placing real estate in a corporation has significant tax consequences, notably on resale and on the principal residence exemption. Validate this with a tax advisor before transferring anything.
Your obligations once incorporated
Annual updating declaration, a current minute book, a separate corporate tax return and resolutions recording major decisions.
Common questions from Magog entrepreneurs
I rent out a single cottage. Is it worth it? It depends on your revenue and the risk tied to the premises. For occasional rentals, proper insurance may suffice; for regular operation, a corporation becomes relevant.
Should I put my cottage in the corporation? Not necessarily, and often no. You can run the operation through a corporation without transferring the property into it.
Compare your options in REQ, platform or notary, or start your incorporation.