In Ontario, anyone can open a cab company with next to no money if they're a single individual(in my city a person can run a 1-2 car company for $250-700/yearly). A company is required to front money for a mass-operators license in most cities/towns. This is anywhere from $10k to $500k depending on the number of cabs you're going to operate. Uber refuses to follow existing laws, bylaws, or even insurance regulations.
I can tell you right now what's going to happen. Someone is going to get into a serious or fatal crash with an uber driver, they're going to have bottom barrel liability insurance(because they refuse to follow the law), and the company will be banned from operating in xyz provinces/states/etc.