"At least 25% of the directors of all corporations incorporated under the Corporations Act must be resident Canadian, except: (1) a body corporate that was incorporated under The Companies Act and was continued under the Corporation Act, and maintains the same proportion of nonresident directors after January 1, 1987 that it had before January 1, 1987; or (2) a corporation that earns no income in Canada."
What does it exactly mean? If a corporation gets all income overseas, is OK?
What if a corporation gets interest on a Canadian current account?
What does it exactly mean? If a corporation gets all income overseas, is OK?
What if a corporation gets interest on a Canadian current account?
