Skip to main content Skip to search

Residential Status for Corporates

RESIDENCE OF CORPORATION FOR TAX PURPOSES IN CANADA

Corporation Incorporated in Canada

Corporation registered in Canada after April 26, 1965 are deemed to be resident in Canada for tax purposes.

Corporation Not Incorporated in Canada

Corporation not incorporated in Canada is deemed to be resident of Canada for tax purposes if their central management and control of the corporation are in Canada. Central management and control rest with the members of the board of directors and where they meet and hold their meetings.

LIABILITY FOR UNREMITTED WITHHOLDING AND TAXES

Corporate officers and directors may be held responsible if any withholding tax or any outstanding tax is not remitted to CRA (Canada Revenue Agency).