Incorporation is the process of establishing a new corporate entity or company. Your business can be incorporated as an Ontario Corporation or a Federal Corporation. If your business is Ontario-based and does not plan to operate nationwide, it would be appropriate to incorporate within the province. However, if your business intends to operate across Canada, Federal incorporation might be more suitable, despite requiring more paperwork and higher fees. You can change your level of incorporation later, but your business name might not be available.