I’m planning to incorporate a business as a non-resident of Canada. Can I be a non-resident director and still incorporate?

Allan Madan, CA
 Mar 1, 2013
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Each province in Canada has their own residency requirements for directors of a corporation. If you don’t meet these requirements in a particular province of Canada, you cannot incorporate in that province. Note that a corporation requires a minimum of one (1) director.

The list below outlines each province’s requirements for directors:

  • Ontario: Majority of directors (51%) must be residents of Canada. If there are only two directors, then one must be a Canadian resident.

  • Federal: At least 25% of the directors must be residents of Canada

  • British Columbia: Directors are not required to be residents of Canada

  • Alberta: At least 25% of the directors must be residents of Canada.
  • New Brunswick: Directors are not required to be residents of Canada.

  • Manitoba: Majority of directors (51%) must be residents of Canada. If there are only two directors, then one must be a Canadian resident.

  • Nova Scotia: Directors are not required to be residents of Canada

  • Prince Edward Island: Directors are not required to be residents of Canada

  • Saskatchewan: Majority of directors (51%) must be residents of Canada, and at least one director must be a resident of Saskatchewan.

  • Quebec: Directors are not required to be residents of Canada.

  • Yukon: Directors are not required to be residents of Canada.

  • Northwest Territory: Directors are not required to be residents of Canada.

  • Newfoundland and Labrador: Majority of directors (51%) must be residents of Canada. If there are only two directors, then one must be a Canadian resident.

  • Nunavut: Directors are not required to be residents of Canada.

Disclaimer

The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

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