For Canada Domicile, there has been a lot of movement towards alberta (lower tax rates to start) - any thoughts on this differing from Ontario? (ie. some are newly dubbing alberta 'delware of the north' - true?)

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Community Member

Nov 10, 2023

Here are a few articles to review that have popped up in the last month:

1) https://www.theglobeandmail.com/business/commentary/article-albertas-aim-to-be-delaware-north-deserves-more-attention-from-canadas/?rel=premium

2) https://www.canadianlawyermag.com/practice-areas/corporate-commercial/albertas-business-corporations-act-aiming-to-make-province-new-delaware/380462

3) https://unpublished.ca/news-feed-item/2023-10-15/alberta%E2%80%99s-aim-to-be-delaware-north-deserves-more-attention-from-canada%E2%80%99s

4) https://www.linkedin.com/posts/sunilsharmats_custody-digitalassets-crypto-activity-7126023715527557120-usT9/?utm_source=share&utm_medium=member_desktop

4) above from Founder Institute Toronto's own Sunil Sharma on Alberta.

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Mike Suprovici

Accepted Answer

Nov 10, 2023

Ontario is an internationally recognized domicile. Alberta, BC and Quebec may make sense if all LPs and investments are from that region. Otherwise, Ontario is the recommended domicile because it's a hub. This means that there is a good market of experienced and specialized service providers, unlike the other provinces.

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For Canada Domicile, there has been a lot of movement towards alberta (lower tax rates to start) - any thoughts on this differing from Ontario? (ie. some are newly dubbing alberta 'delware of the north' - true?)

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