Instructions

We've created a simple questionnaire that gives us the information we need to get started on the incorporation and/or preparation of your corporation's minute book.

We understand some concepts might be new to you. If you're unsure about any of your responses, please checkmark "I Don't Know," and we will contact you directly to go through the details.

Directors, Officers, and Shareholders 

In the next couple of questions, we will ask you about your initial directors, officers, and shareholders of the proposed Corporation. 

Keep in mind that in order to incorporate under the Federal Legislation, a company must have a minimum of 25% of its directors be Resident Canadian. Resident Canadian includes an individual who is: 
(a) a Canadian citizen ordinarily resident in Canada, 
(b) a Canadian citizen not ordinarily resident in Canada who is a member of a prescribed class of persons, or 
(c) a permanent resident within the meaning of subsection 2(1) of the Immigration and Refugee Protection Act and ordinarily resident in Canada, except a permanent resident who has been ordinarily resident in Canada for more than one year after the time at which he or she first became eligible to apply for Canadian citizenship.

Therefore, if your company will have four or fewer directors, at least one director must be Resident Canadian if you want to incorporate federally. 

If you don't meet these requirements, don't worry! Complete this questionnaire and we will contact you directly to discuss your circumstance before advising on how to proceed. 

Individuals with Significant Control

In the next question, we will ask you to list the individuals with significant control behind every entity you have listed as shareholder for this company. 

An “individual with significant control” refers to an individual, who:

(a) owns, controls, or directs: (i) 25% or more of the voting shares of the corporation or (ii)
shares that are worth 25% or more of the fair market value of all outstanding shares of the corporation;
(b) has direct or indirect influence over the corporation without owning at least 25% of the shares; or
(c) owns or controls a significant number of shares jointly with other people.

If a group of related persons collectively controls at least 25% of the shares of a corporation, then each person would be an individual with significant control.

A related person would include the individual and:

(a) their spouse
(b) their son or daughter
(c) any other relative living in the same house

If you don't understand these requirements, don't worry! Complete the next question to the best of your knowledge and we will contact you directly to further discuss your circumstance before advising on how to proceed.