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Blog Post | TaxEd International

Incorporating an Ontario Corporation: Bill 213 Amendments and Tax Considerations

Fasken
Reading Time 1 minute read
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Overview

On December 8, 2020, Bill 213, Better for People, Smarter for Business Act, 2020 received royal assent. The bill includes significant amendments to the Business Corporation Act (Ontario)[1] (the “OBCA”). The amendments to the OBCA in Bill 213 were proclaimed into force on July 5, 2021. Bill 213 eliminates the requirement that 25% of the directors of an Ontario corporation must be resident Canadians.[2] This … Continue reading Incorporating an Ontario Corporation: Bill 213 Amendments and Tax Considerations »

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