If I start a Canadian Corp... How does that affect my visitor status?

[happilyfreckled]

Hi, I'm visiting Canada from the US. We can come in for 6 months at a time. A Canadian friend and I are thinking of starting a corporation here... Does that put my visitor status in danger? For example, I know visitors are restricted from competing with any Canadian market... How does that work if I own a Canadian corporation?

 

[scylla]

You can start a corporation with a Canadian partner, however as a visitor you cannot do any work for that business. All you can do is contribute start up capital (i.e. give money to help start the business).