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Is the Master Business Licence Still Valid in Ontario in 2026?

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  What replaced the Master Business Licence in Ontario, whether an old one is still valid, and how renewal works today. ●  Quick Answer Ontario no longer uses “Master Business Licence” as the current name for a new business-name registration. Today, the filing is called a Business Name Registration and is handled through the Ontario Business Registry. If you already have a registration issued under the older Master Business Licence terminology, the move to the new registry did not by itself cancel your registration. Business Name Registrations are generally valid for five years and can be renewed from six months before expiry until 60 days after the expiry date. The term “Master Business Licence,” or MBL, is still widely recognized, which is why business owners continue to encounter it when searching for Ontario registration information. Today, new registrations and renewals are completed through Ontario’s current Business Name Registration system. MD Legals provides Ontario B...
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How Much Does It Cost to Set Up a PREC in Ontario? (2026)

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  What it actually costs to set up and run a Personal Real Estate Corporation in Ontario, beyond the $300 government filing fee. ●  Quick Answer The fixed government cost to incorporate a Personal Real Estate Corporation (PREC) in Ontario is $300 when the Articles of Incorporation are filed online. If you choose a named corporation instead of a numbered corporation, you will also need an Ontario-biased or weighted Nuans® name search report from a private provider. Beyond those costs, the total price depends on whether you incorporate yourself or use a PREC-specific service to prepare the corporation’s share structure, minute book, and other setup documents. The $300 incorporation fee is only the starting point. A PREC has specific requirements that a standard Ontario corporation does not necessarily address, including rules for its controlling shareholder, voting shares, director and officer positions, and the written agreement involving the PREC, controlling shareholder, and ...
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