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FINTRAC and articles of incorporation

by Intuit Updated 2 months ago

What is FINTRAC?

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada's financial intelligence unit, and its anti-money laundering and anti-terrorism financing supervisor. Read more about FINTRAC here.

Articles of incorporation and Intuit

To maintain regulatory compliance with FINTRAC we require article of incorporation information from all applicable customers in Canada using Payments and Payroll services.

What does Intuit need from you?

Sole proprietorship

  • No action is required from you at this time

Co-owners

  • Co-owners are any individuals who own 25% or more of a business, and there will be no more than 3 co-owners (in addition to the primary owner).
  • Article of incorporation required.

Board of directors

  • Directors are those individuals who were listed on the board of directors when you registered your corporation. There must be at least 1 director for each corporation.
  • Article of incorporation required.

Who provides the articles of incorporation and where can I find them?

The articles of incorporation are generally created at the time of incorporation and registration with the Canadian federal or provincial governments. These are typically created by the owners in partnership with a legal service provider.

What if I don’t have an article of incorporation?

You can learn how to incorporate a business on the Government of Canada’s website here.

How do I send Intuit my article of incorporation?

Intuit will send you an email with a case number and a link. This will take you to an application allowing you to securely upload your document to the case on our encrypted server. We request your documents be uploaded by June 15, 2024.

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