No Physical Office - What should go in the scope statement

Hi, i have a question. If the client is converting to 100% remote working model - what physical address should go in the scope statement?

Comments

  • Any registered business must have a physical address, no exceptions as no new business can be registered without a physical address. If the business closes its day-to-day office space and works 100% remotely, the business physical address should be changed to CFO (or CEO). By law, a corporation must inform CRA (Canadian Revenue Agency) of the physical address where the financial records reside. The business registration address needs to be updated with the Ministry and CRA (for financial records if not collocated within the head-quarters aka day-to-day business activity).

    More details at https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/changes-your-business/change-address.html

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