Does continuing an Ontario corporation into another province change which corporate statute governs it going forward?

Yes — that's the entire point of continuance. Once an Ontario corporation continues into another province, it stops being governed by the Business Corporations Act and becomes subject to that province's corporate statute for everything going forward: director and officer duties, meeting and voting requirements, director residency rules if any apply, how it amends its articles, and how it would eventually amalgamate, reorganize, or dissolve in the future.

What doesn't change is the corporation's identity, its existing contracts, and its accumulated assets and liabilities, which all carry forward under the new governing law exactly as they existed before continuance. It's a change in which rulebook applies, not a fresh start for the corporation itself.

This is one of the real, practical reasons businesses choose to continue rather than simply registering extra-provincially: registering extra-provincially lets a corporation operate in another province while remaining governed by its home statute, while continuance actually switches the governing law, which matters if a business wants rules like director residency requirements, meeting formalities, or share structure options that differ from Ontario's. Confirm what specifically changes under the destination province's statute before assuming it mirrors the OBCA closely.