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Canadian entities
We work with federal and provincial corporations, unlimited liability companies and partnerships, from operating businesses to holding companies within international groups.
In shortCCYFX onboards Canadian federal and provincial corporations, unlimited liability companies and partnerships. Typical documents include articles and a certificate of incorporation, a certificate of status, the register of individuals with significant control and the CRA business number.
Our home market
Canadian companies may incorporate federally under the Canada Business Corporations Act or under a provincial act, such as British Columbia’s Business Corporations Act. Federal corporations, and corporations in most provinces, must keep a register of individuals with significant control.
With our head office in Vancouver, we understand Canadian corporate records and banking practice, and we convert CAD alongside EUR, USD and GBP for businesses trading internationally.
Common entities we onboard
Federal corporation
Incorporated under the Canada Business Corporations Act.
Provincial corporation
Incorporated under a provincial act, such as those of British Columbia or Ontario.
Unlimited liability company
Available in British Columbia, Alberta and Nova Scotia, and often used in cross-border groups.
Partnership
General and limited partnerships, including fund structures.
What we ask Canada entities to provide
These are in addition to identification for directors and beneficial owners. Certificates should generally have been issued within the last three to six months.
Company
- Certificate and articles of incorporation
- Certificate of status or good standing
- Register of directors
- CRA business number
Ownership
- Register of individuals with significant control
- Ownership chart to individuals with 25% or more
- Directors’ resolution naming signatories
- Source of wealth of beneficial owners
Activity
- Description of the business and its main counterparties
- Invoices or contracts for the main payment flows
- Expected monthly volumes in EUR and CAD
- Any licence your activity requires
This page is general information to help you prepare for onboarding. It is not legal or tax advice. Laws and registry practice in Canada change, so please confirm current requirements with your corporate service provider or legal adviser.
Onboard your Canada entity
Apply online in about ten minutes. We will reply with the documents your structure requires and an indicative timeline for onboarding.