What do I need to open a corporate account?

Network Wealth offers the ability to open up a corporate cash investment account in minutes. Similar to the personal account opening procedure, the corporate account setup can be initiated and revisited at your convenience, allowing flexibility in providing necessary information. The following information is required in order to open a corporate cash account.

Corporate Info:

• Entity Name: Provide the full legal name of the corporation seeking to open the investment account.
• Entity Type: Specify the legal structure of the corporation (e.g., private company, partnership, sole proprietorship).
• Address: The registered business address of the corporation.
• Nature of Business: Describe the primary activities and operations of the corporation.
• Registration Number (Entity Number): Include the unique identifier assigned to the corporation upon registration.
• Date Established: State the date when the corporation was officially established.
• Country of Registration or Incorporation: Indicate the jurisdiction under which the corporation is registered or incorporated.

Regulatory Status Confirmation:

Network Wealth requires confirmation regarding the regulatory status of the corporation. You will need to specify if your organization falls under any of the following categories:

• Regulated Entity
• Reporting Issuer
• Not for Profit
• Third Party
• Financial Entity
• Affiliate of a Financial Entity
• Client where instructions are authorized by a Financial Entity
• Public Body
• Very Large Corporation

Corporate Tax Info:

• Corporate Tax Number: Provide the corporate tax identification number assigned to the corporation by the CRA.
• Corporate Year End: Specify the fiscal year-end date of the corporation for tax reporting purposes.

Additional Documentation:

In addition to the above information, Network Wealth requires the submission of the corporation's articles of incorporation. These articles serve as the foundational legal document outlining the establishment, structure, and purpose of the corporation.

These are typically found in your corporation's minute book. If you are unable to locate your company's articles of incorporation, we recommend obtaining these from your lawyer or accountant.