Things to know
- If a Canadian subsidiary has been incorporated under the laws of a particular Canadian province or territory, the subsidiary will need to register in each additional Canadian jurisdiction where business will be carried on. If a subsidiary is a Canadian federal corporation, the subsidiary will need to register in each Canadian jurisdiction where business will be conducted. Canadian partnerships have similar filing requirements.
- Any foreign entity carrying on business in Canada will similarly need to register in each Canadian jurisdiction where business is conducted.
Other regulatory requirements
- Depending on the type of business that is being conducted, additional registrations/ licences may be required, such as tax registrations (GST/HST or employer tax ID numbers, as examples), operating licences (including municipal licences/permits), and workers’ compensation accounts.
Things to do
- Identify and make all extra-provincial filings and file annual returns.
- Prepare and maintain financial records and minute books.
- Research industry specific requirements as certain industries (including food and drug, telecom, travel and transportation, health, banking and securities and franchise systems) impose additional restrictions, filings and/or licensing and permitting requirements on businesses operating in that industry.
- Review municipal laws in Canadian cities where business will be conducted to ensure compliance with local licensing and permitting requirements.