How to Complete the Entity Panel 

Completing the Entity Panel

The Entity panel in the New Account Application captures detailed information about an entity opening an account. Depending on the entity type selected, different sections and fields will dynamically appear to ensure compliance and proper documentation.

Legal Entity Profile

Select the appropriate Entity Type and provide the required information. Based on your selection, provide the required details as indicated:

Corporation

• Legal Name of Entity: Enter the full legal name exactly as stated on the Articles of Incorporation.

• Business Number / Tax Identification Number (TIN): Enter the entity’s CRA-issued number.

• Nature of Business: Brief description of the primary business purpose (e.g., Investment Holding Company).

• Date of Incorporation: Date the corporation was legally formed.
• Place of Incorporation: Province or state of incorporation.

Estate

• Legal Name of Estate: Provide the formal legal name of the estate.

• Estate Account Number: Enter the official account number of the estate, if applicable.
• Date of Establishment: Date the estate was legally established.

Partnership 

• Legal Name of Partnership: Official name as registered.

• Partnership Number: Partnership’s official registration number.

• Nature of Partnership: Brief description of partnership activities.

• Date of Registration: Date the partnership was registered.

• Place of Registration: Province or state where the partnership is registered.

• Sub-Type (select one):
  • General Partnership (all members individuals)

• • Limited Partnership (all members individuals)

• • Association (all members individuals)

• • General Partnership (one member is not an individual)

• • Limited Partnership (one member is not an individual)

• • Association (one member is not an individual)

Trust

• Legal Name of Trust: Formal registered name of the trust.

• Trust Account Number: Official trust account number.

• Nature of Trust: Brief description of the trust’s purpose.

• Date of Formation: Date the trust was created.

• Place of Formation: Province or state where the trust was formed.

• Sub-Type (select one):

• • Complex Trust

• • Simple Trust

• • Grantor Trust

• • Testamentary Trust

Charitable Organization

• Legal Name of Charity: Official registered name.

• Charity Registration Number: Official charity registration number.

• Nature of Charitable Activities: Brief description of charitable purposes and activities.

• Date of Registration: Date charity was registered.

• Place of Registration: Province or state of registration.

• Sub-Type (select one):

• • Non-Profit Corporation (tax-exempt)

• • Non-Profit Corporation (non-tax-exempt)

Sole Proprietorship

• Legal Name: Legal business name as registered.

• Business Number / TIN: Enter the CRA-issued number for the business.

• Nature of Business: Brief description of business activities.

• Date of Registration: Date the business was registered.
• Place of Registration: Province or state of registration.

Other

• Legal Name: Official legal name as documented.

• Number (Business/Tax ID): Enter the applicable registration or tax number.

• Nature of Business: Description of the entity’s primary activities.

• Date of Registration: Date the entity was registered or established.

• Place of Registration: Province or state where registered.

• Sub-Type (if applicable):

• Individual Pension Plan

Is the entity a U.S. person or resident alien for tax purposes? (select one):

• • Yes
    • • U.S. Federal Tax Classification (select one):
      • Sole Proprietorship
      • C-Corporation (separately taxable)
      • S-Corporation (pass-through taxation)
      • Partnership
      • Trust/Estate
      • C-LLC (separately taxable)
      • S-LLC (pass-through taxation)
      • P-LLC (partnership)
  • Employer Identification Number (EIN): Enter the entity’s U.S. EIN.

• No

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Address of Legal Entity
Records the entity’s primary legal address and optionally an alternate mailing address.

• Provide the legal address using Canada Post lookup:
• Street Address, City, Province, Postal Code, Country
• Checkbox (pre-checked): "Mailing Address is same as Legal Entity Address." If unchecked, provide separate mailing address details.

Financial Information

Summarizes the entity’s financial details, such as income, assets, liabilities, and investment details. Enter “0” for any values that do not apply to the entity.

• Income: Annual income of the entity.

• Cash: Total cash holdings.

• Non-Registered Investments: Value of investments held in non-registered accounts.

• Fixed Assets: Value of real estate or other fixed assets.

• Mortgages: Outstanding mortgage balances.

• Lines of Credit: Outstanding balance on lines of credit.
• Credit Cards and Other Liabilities: Total liabilities from credit cards or other debts.

Individuals with Authority Over the Account

Lists individuals associated with the account, along with their roles (e.g., Officer, Director, Trustee) as defined in the entity’s legal documents. 

For each individual associated with the entity, specify their role (select one):

• Officer
• Executor
• Partner
• Trustee
• Owner
• Director

Country of Residence for Tax Purposes

Specifies the entity’s tax residency and relevant tax identifiers required by jurisdiction.

Select the entity’s country of residence for tax purposes:

• Canada

• CRA Business Number (7, 9, or 15 characters)

• Trust Number (T + 8 digits, if applicable).

• United States

• Type of Income (Select one):
  • Interest, dividends, royalties
  • Trust Income
  • Other
    • If Other, provide a description

• Other

• • Other Country of Residence

• • Tax Identification Number (TIN)

• • Type of income declaration (Form NR301) (Select one):

• • Interest, dividends, royalties

• • Trust income

• • Other

• • If Other, provide a description

FATCA Status

Specify FATCA status and exemption codes:

• Is Entity a Financial Institution? (select one):

• • If Yes, select Exemption Code (e.g., Reporting Model 1 FFI, Participating Non-U.S. Financial Institution)

• • If No, is the entity an exempted entity?

• • If Yes, select Exempt Entity Status Code (e.g., Non-profit organization, Government entity)

• • If No, indicate entity type:

• • Active Non-financial Entity

• • Passive Non-financial Entity (complete additional beneficial owner details)

CRS Status

Confirm entity's CRS classification (select one):

• Financial Institution

• Active Non-Financial Entity

• Passive Non-Financial Entity

Entity Account Control, Directorship, and Beneficial Ownership

Confirm entity ownership/control:

• Option A: No beneficial owner/control above 25%

• Option B: List beneficial owners/control above 25%

• Provide ownership percentage for each listed individual

Limitation on Benefits Treaty Statement

Select treaty statement classification (select one):

• Company (private or trust meeting base erosion test)

• Estate resident in Canada

• Other tax-exempt organization

• Publicly traded company or subsidiary

• Tax-exempt pension trust or fund

• Company meeting derivative benefits test

• Favorable U.S. authority determination

• No LOB article in treaty

Attached Articles of Incorporation

• Upload Articles of Incorporation (mandatory). Include additional relevant documents (e.g., Shareholder Agreements) if applicable.

Ensure each section is complete, then click Save.