🇨🇦 Canada · Business Banking

Opening business accounts, remote banking options, required documents, and fees.

Banks are regulated federally by the Office of the Superintendent of Financial Institutions (OSFI); eligible deposits are insured by the CDIC. A business typically needs incorporation documents and a Business Number to open an account.

• Eligible deposits at member institutions are insured by the CDIC up to the standard limit.
• Opening a business account generally requires incorporation documents, the BN and director ID.
• Banks apply federal know-your-customer and anti-money-laundering checks (FINTRAC).

Official authorities

• OSFI

  Federal regulator of banks.

• CDIC

  Federal deposit insurance.

Official-information aggregation, not legal advice. Always verify on the authority's own site.

Government portals

• Government of Canada — Canada's federal service portal — immigration, taxes, benefits, and travel info
• Immigration, Refugees and Citizenship Canada — Express Entry, Provincial Nominee Program, work/study permits, and PR card applications
• Canada Revenue Agency (CRA) — T1 personal tax returns, corporate taxes, GST/HST, and benefit applications (CCB)

This topic in other countries

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