Skip to content
Get my price

Is an audit required?

Last updated: Nov 11, 2026, 13:29 (UTC+08:00)

Not always. A non-distributing corporation can skip the auditor if all shareholders consent in writing. You still prepare annual financial statements and file a T2 corporate tax return with the CRA.
More FAQs

Related Questions You Might Find Helpful

Discover additional answers related to Offshore companies and transparency rules and corporate formation.

View all Offshore companies and transparency rules questions
Offshore companies and transparency rules

Are BVI, Cayman and Seychelles compliant with CRS?

Read answer
Offshore companies and transparency rulesAustralia

How much does an Australian company cost with OCC?

Read answer
Offshore companies and transparency rulesBelize

How much does a Belize company cost?

Read answer
Offshore companies and transparency rulesVirgin Islands (British)

How much does a BVI company cost?

Read answer
Offshore companies and transparency rulesCanada

How much does a Canadian corporation cost with OCC?

Read answer
Offshore companies and transparency rulesCayman Islands

How much does a Cayman exempted company cost?

Read answer

Still have questions about Offshore companies and transparency rules?

Speak with our experienced corporate incorporation specialists today.

Talk to a specialistWhatsApp