What happens to a corporation's existing security registrations when it continues to another province?

Continuing to another province doesn't automatically wipe out a corporation's existing security registrations against its personal property, since the underlying security interests themselves survive continuance just like any other contract or obligation. But personal property security registries, including Ontario's, generally organize and search registrations partly by reference to the debtor's jurisdiction, so a change in the corporation's governing jurisdiction can affect where a registration needs to sit to remain properly discoverable and enforceable against future creditors.

In practice, secured lenders typically require the corporation, and often insist on doing this themselves, to review existing registrations and register or amend them in the new jurisdiction to preserve priority, rather than relying solely on the original Ontario registration once the corporation is governed by another province's law. There can be a window where a registration needs to be refreshed in the new jurisdiction to avoid a lapse in perfection or priority against a competing secured creditor.

Because getting this wrong can affect a lender's priority position, any corporation planning a continuance should notify its secured lenders in advance and coordinate the registration changes as part of the transaction, rather than treating it as an afterthought once the continuance is complete.