Ontario Updates Director Residency Requirements

As of July 5, 2021, corporations incorporated under Ontario’s Business Corporations Act will no longer be required to have at least 25% of directors be resident Canadians. Effective July 5, 2021, subsection 118(3) of Ontario’s Business Corporations Act (“OBCA”) will be repealed, with the effect that corporations incorporated under, or continued into Ontario under the …

What are The First Steps to Set Up a Business in Canada?

For many American or foreign businesses, the idea of setting up operations in Canada often evokes one of two very different reactions.  Often, Canada is viewed by Americans as the fifty-first state (albeit a large and cold one); while others view their northern neighbour as very much a foreign country with foreign laws.  The truth …