Under Canadian company law, an annual report must be filed within two months of the anniversary date of its incorporation. The annual report presents a ‘snap-shot’ of the company’s statutory particulars as at the date of filing to include, office address and director details.
Canadian private companies are not required to have their annual accounts audited unless requested to do so by their shareholders. Annual accounts and tax returns are however required to be prepared and submitted to the Canadian Revenue Authority within six months of the year end.
The accounts and tax returns are not accessible to the public.
Pearse Trust has experience of advising overseas investors on meeting their compliance obligations in Canada.