Do I have to notify the government when my corporation's directors change?
Yes. Under the Corporations Information Act (Ontario), a corporation must notify the province when there is a change of directors. The notice of change must be filed within fifteen days of the change occurring. This applies to any addition, removal, or change in the information of a director, such as a change of address.
The notice of change is filed electronically through ServiceOntario or through a registered service provider. The filing fee is modest. You will need the director's full legal name, date of birth, address for service, and whether they are a resident Canadian (a requirement for some corporations).
Keeping director information current matters for practical reasons beyond legal compliance. If a third party needs to verify who controls the corporation — for a bank loan, a lease, or a business acquisition — they will check the public register. Outdated information can slow transactions down and raise red flags. Build director changes into your standard internal process so no deadline is missed.
Key takeaways
- Director changes must be reported to Ontario within fifteen days.
- File a notice of change through ServiceOntario or a registered provider.
- Director information is publicly searchable.
- Outdated records can complicate banking, leasing, and sale transactions.