---
title: "Corporate Minute Book: What Goes In and Where to Keep It"
url: https://www.everstonecpa.com/blog/keeping-a-minute-book-canada-corporation
description: "Where to keep a corporate minute book in Canada and what goes in it: directors’ resolutions, share issuances and the share register. See who can ask."
type: guide
updated: 2026-10-08
summary: "A minute book is where a corporation keeps its required corporate records — articles, by-laws, shareholder agreements, meeting minutes and resolutions, the share and securities registers, and the register of individuals with significant control. Federal corporations must keep them at the registered office or another location in Canada set by the directors."
faq_count: 6
publisher: EverStone CPA Inc., a Chartered Professional Accountant firm registered with CPA British Columbia and CPA Alberta
service_area: British Columbia, Alberta, Ontario and Manitoba
language: en-CA
contact: info@everstonecpa.com · https://www.everstonecpa.com/book-online
---

[Home](https://www.everstonecpa.com/) [Blog](https://www.everstonecpa.com/blog) Corporate minute books


Corporate governance 

# The corporate minute book: *what belongs in it, and why it gets asked for*


By EverStone CPA · Reviewed August 2026 · 13 min read







The minute book is a corporation’s least glamorous asset and the one most likely to hold up a sale, a loan or an estate. A lender’s lawyer asks for it and the gaps appear: the 2019 share issuance unrecorded, by-laws unsigned, no directors’ resolutions. This guide covers what belongs in one, who asks for it, and the cost of neglect.


Related: [The corporate annual return: the registry filing that is not your T2](https://www.everstonecpa.com/blog/corporate-annual-return-bc-vs-federal).



**Free: The corporation setup checklist**
Every record a new corporation needs — the minute book contents included. No email wall — it’s just useful.


[Download the PDF](https://www.everstonecpa.com/downloads/everstone-new-corporation-setup-checklist.pdf)



**Quick answer:** A minute book is where a corporation keeps its required corporate records — articles, by-laws, shareholder agreements, meeting minutes and resolutions, the share and securities registers, and the register of individuals with significant control. Federal corporations must keep them at the registered office or another location in Canada set by the directors.

**Minute book out of date?** We draft the annual resolutions and dividend paperwork to match your T2, at a fee quoted in writing. [Get My Fixed Quote](https://www.everstonecpa.com/book-online?service=corporate-tax#enquiry-form)


A minute book that is behind is usually discovered at the worst moment — a sale, a loan, or a review. [An email enquiry](https://www.everstonecpa.com/book-online?service=corporate-tax#enquiry-form) will tell you what is missing.



## The records, and who can demand to see them




Corporate records and shareholder access 

| Record | Shareholders and creditors can access | 


| Articles of amendment, including amended or restated articles of incorporation | Yes | 

| By-laws and their amendments | Yes | 

| Any unanimous shareholder agreement | Yes | 

| Minutes of meetings and shareholder resolutions | Yes | 

| Notices filed — registered office address, first board of directors, and changes to either | Yes | 

| Share register — names and addresses of all shareholders and the shares held | Yes | 

| Securities register — every past and present security holder, the number held, and the particulars of each issue and transfer | Yes | 

| Minutes of meetings of the directors | No | 

| Resolutions of the directors and minutes of committees | No | 

| The accounting records | No | 





Everything above must exist; the second column only limits who can demand to see it. The share and securities registers are most often incomplete, and buyers and lenders check them hardest.



What a lender, buyer or the CRA expects to find inside.



**On this page**[What a minute book actually is](#s-what-a-minute-book-actually-is)[What has to be in it](#s-what-has-to-be-in-it)[Where it has to be kept](#s-where-it-has-to-be-kept)[The register of individuals with significant control](#s-the-register-of-individuals-with-signifi)[Why lenders, buyers and the CRA ask for it](#s-why-lenders-buyers-and-the-cra-ask-for-i)[The other obligations that sit beside it](#s-the-other-obligations-that-sit-beside-it)[What it costs to have neglected it](#s-what-it-costs-to-have-neglected-it)[Getting it right](#s-getting-it-right)[Frequently asked questions](#s-frequently-asked-questions)[Not sure your corporate records are current?](#s-not-sure-your-corporate-records-are-curr)

## What a minute book actually is


There is no legal duty called “keeping a minute book.” The duty is to keep certain corporate records, which Corporations Canada notes are often held in one book, the **minute book**, sold by legal stationery stores and search houses. The records are the requirement.


That is why an electronic equivalent is acceptable and a binder missing half its documents is not. The test is whether the records exist and are current, not whether they sit in a leather binder.



**Minute book missing years of resolutions?** We prepare the annual dividend and director resolutions with the year-end and T2, so the records match the tax filings, at a fee quoted in writing. See [our corporate tax work](https://www.everstonecpa.com/tax-services), or [get a year-end quote](https://www.everstonecpa.com/book-online?service=corporate-tax#enquiry-form). [Get My Fixed Quote](https://www.everstonecpa.com/book-online?service=corporate-tax#enquiry-form)



## What has to be in it


For a corporation governed by the federal statute, the corporate records that a corporation’s **shareholders and creditors can access on request** are:




- articles of amendment, including amended articles of incorporation or restated articles of incorporation;

- by-laws and their amendments;

- any unanimous shareholder agreement;

- minutes of meetings and shareholder resolutions;

- notices that have been filed — the initial registered office address and first board of directors, changes of registered office address, and changes regarding directors. Where these were filed online, the original signed notice must be kept with the corporate records;

- a **share register** showing the names and addresses of all shareholders and details of the shares held; and

- a **securities register** showing the names and addresses of those who are or have been a security holder, the number of securities held by each, and the date and particulars of the issue and transfer of each security.


Three further categories are kept but are *not* open to shareholders and creditors: minutes and resolutions of the directors, minutes of committees, and the accounting records. They must still be maintained; only access is restricted.


The share and securities registers most often turn out incomplete, and a purchaser or lender scrutinises them hardest. They are the only authoritative record of who owns the company.




## Where it has to be kept


A corporation must keep its corporate records **at its registered office, or at some other location in Canada as set out by the directors**. That is a genuine constraint and one that gets breached casually, a business moves, changes lawyers, or leaves the book with a former adviser, and the records end up somewhere the directors never designated. If the location changes, the directors should say so.




## The register of individuals with significant control


This is the newest and most commonly missed piece. **Most corporations must prepare and maintain a register of individuals with significant control (an ISC register)**, which is to be kept with the other corporate records. An individual with significant control is broadly someone who owns, controls or directs **25% or more** of the shares — individually, jointly or in concert with one or more individuals, or who has control in fact over the corporation without owning any shares.


For most owner-managed companies the owner holds 100% and is the sole ISC, but it must still be recorded. The register must also record the steps taken to update it, and be updated **at least once a year and within 15 days** of learning of any change. Reasonable steps include asking the ISCs and all shareholders, at least once a year, whether they have become an ISC.


Corporations under the Canada Business Corporations Act also have a filing obligation. Since **22 January 2024**, they must file ISC information with Corporations Canada annually with the annual return, and within 15 days of any change to the register. Provincial companies follow their own statute, and several provinces run transparency registers on different terms. Check your governing statute before assuming the federal position applies.




## Why lenders, buyers and the CRA ask for it


The minute book is the evidence behind what a corporation claims about itself. Lenders check who owns and controls the borrower and that the directors authorized the loan. Buyers check that the shares exist, were validly issued and belong to the seller. Insurers, landlords and courts want the same.


Many corporate tax positions depend on facts only the minute book proves: who held which shares and when, whether dividends were declared, what a [shareholder loan](https://www.everstonecpa.com/blog/shareholder-loans-canada-taking-money-out-of-corporation) agreement said, whether a bonus was authorized. A dividend never declared by resolution is a shareholder advance until shown otherwise, a very different tax result.


Records and supporting documents generally have to be kept for **six years** from the end of the last tax year they relate to (the fiscal period, for a corporation). Share registry records, long-term property acquisitions and disposals, and other history affecting later years should not be destroyed on that schedule. See the guide to [how long to keep records](https://www.everstonecpa.com/blog/cra-record-retention-how-long-to-keep-records).




## The other obligations that sit beside it


Corporate records come with other duties. Shareholders must appoint an auditor by ordinary resolution at the annual meeting, unless shareholders of a non-distributing corporation unanimously agree, including voting and non-voting shares, not to, as most owner-managed companies do. Financial statements must follow the CPA Canada Handbook and reach shareholders at least **21 days** before each annual meeting.


Most small corporations satisfy the financial statement requirement through a [compilation engagement](https://www.everstonecpa.com/compilation-engagement-canada) prepared with the year-end. The waiver of the auditor is itself a resolution, which is to say, another document that belongs in the book.




## What it costs to have neglected it


Nothing, right up until it matters. Then the cost is concentrated and badly timed: a transaction paused while a lawyer reconstructs a share register from bank records and old filings, resolutions signed years late, and in some cases a rectification application. Buyers price uncertainty about ownership into the deal or refuse to proceed. Estates are the worst case, because the person who knew what happened is no longer available to confirm it.


The maintenance burden, by contrast, is small. Annual resolutions, any change in shares or directors recorded when it happens, the ISC register reviewed once a year, and the whole thing kept where the directors said it would be kept.




## Getting it right


A lawyer normally keeps the minute book, but gaps usually surface first at year-end, when the accountant asks who owns what and whether a dividend was declared. Checking it each year, with the [incorporation checklist](https://www.everstonecpa.com/incorporation-checklist) items, keeps both records consistent, so that when the corporation is sold, wound up or [dissolved](https://www.everstonecpa.com/blog/dissolving-a-corporation-canada), the paperwork matches the returns.


Whether any of this applies to you turns on your year-end, your structure and what else is in the picture — [ask about your own situation](https://www.everstonecpa.com/quick-question) and a CPA replies, usually the same business day. Free either way.


The minute book sits alongside the annual filings rather than replacing them — [what a corporation files each year](https://www.everstonecpa.com/corporate-tax-hub) covers what else falls due.



The minute book and the corporate return draw on the same year’s decisions, which is why the resolutions behind dividends are worth settling when [the corporate filings](https://www.everstonecpa.com/tax-services) are prepared rather than afterwards.




Sources




- [Corporations Canada — Corporate records and other corporate obligations](https://ised-isde.canada.ca/site/corporations-canada/en/business-corporations/corporate-records-and-other-corporate-obligations)

- [Corporations Canada — Individuals with significant control](https://ised-isde.canada.ca/site/corporations-canada/en/individuals-significant-control)

- [Canada Revenue Agency — Where to keep your records and how long to keep them](https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/keeping-records/where-keep-your-records-long-request-permission-destroy-them-early.html)




This article is general information for Canadian corporations and is current as of July 2026. Corporate record and transparency-register requirements are set by the statute a corporation is incorporated under — federal or provincial — and differ between them. Confirm the requirements for your own governing statute, and take legal advice on corporate records. It is not tax advice; please [speak with a CPA](https://www.everstonecpa.com/book-online?service=corporate-tax#enquiry-form) before acting on anything here.


About this article

**EverStone CPA** Prepared and reviewed by a CPA at EverStone CPA, serving businesses in BC, Alberta, Ontario and Manitoba. [About the firm →](https://www.everstonecpa.com/about) · [Send an enquiry →](https://www.everstonecpa.com/book-online?service=corporate-tax#enquiry-form)


Undocumented arrangements are the ones that cause trouble later. If the corporation holds title to anything on behalf of somebody else, that belongs on paper too. See [bare trust reporting in Canada](https://www.everstonecpa.com/blog/bare-trust-reporting-canada).




### Keep reading


[Incorporation checklist →](https://www.everstonecpa.com/incorporation-checklist)
[How long to keep records →](https://www.everstonecpa.com/blog/cra-record-retention-how-long-to-keep-records)
[Dissolving a corporation →](https://www.everstonecpa.com/blog/dissolving-a-corporation-canada)[The capital gains reserve: spreading a gain when the money arrives over years →](https://www.everstonecpa.com/blog/capital-gains-reserve-canada)








## Two Fraser Valley wrinkles


**Langley: City or Township.** The registered and records office in the minute book is an address in BC; it does not decide which municipality licenses the business. A Langley corporation with its records office at a Township address and its shop in the City still holds the City licence. [Accountant in Langley BC](https://www.everstonecpa.com/accountant-langley).


**Maple Ridge: the one-person corporation.** A sole director-shareholder still needs the annual resolutions and the register of directors kept current; the minute book is the first thing a lender or a buyer asks for and the last thing a one-person corporation thinks about. [Incorporated professionals in Maple Ridge](https://www.everstonecpa.com/accountant-for-incorporated-professionals-maple-ridge).


A minute book is easiest to keep when it is started on day one, alongside the other set-up steps in the [new corporation checklist](https://www.everstonecpa.com/new-corporation-setup-checklist).



Common questions 


## Frequently asked questions about corporate minute books




**What is a corporate minute book?**

It is the single book where a corporation keeps its corporate records. Corporations Canada notes that corporations often keep them in one book called the minute book, sold by legal stationery stores and search houses. It is not a separate statutory obligation, just where the required records live.



**What has to be in it?**

For a federal corporation, the records shareholders and creditors can access on request include the articles and any amendments or restated articles, the by-laws and their amendments, any unanimous shareholder agreement, minutes of meetings and shareholder resolutions, the notices filed with Corporations Canada, a share register showing every shareholder’s name and address and the shares held, and a securities register. Directors’ meeting minutes, directors’ resolutions and accounting records are also kept but are not accessible to shareholders and creditors.



**Where does the minute book have to be kept?**

A federal corporation must keep its corporate records at its registered office, or at some other location in Canada as set out by the directors. That is a real constraint, and it is one of the things people overlook when they move a business, change advisers, or store records with a service provider.



**What is the ISC register and does my corporation need one?**

Most corporations must keep a register of individuals with significant control with their other records: broadly, anyone who owns, controls or directs 25% or more of the shares, alone, jointly or in concert, or who has control in fact. Update it at least once a year and within 15 days of learning of any change.



**Do I have to file the ISC information anywhere?**

Yes, for Canada Business Corporations Act corporations. Since 22 January 2024 they must file ISC information with Corporations Canada annually with the annual return, and within 15 days of any change to the register. Provincial corporations follow their own statute.



**What actually goes wrong if the minute book is not kept up?**

Nothing, until something needs it, and then it stops the transaction. Lenders, buyers, insurers and opposing lawyers ask for the minute book, and gaps must be rectified before closing. Separately, accounting records generally have to be kept six years from the end of the last tax year they relate to; share-registry and other historical records longer.









## Not sure your corporate records are current?


Email us your incorporation date and when the minute book was last updated. A CPA replies by email within one business day with what needs catching up and a fixed fee.


[Get My Fixed Quote](https://www.everstonecpa.com/book-online?service=corporate-tax#enquiry-form)[Book a Paid Advice Call](https://www.everstonecpa.com/advice-call)





## Have a question about this?


Ask it free through [the quick-question form](https://www.everstonecpa.com/quick-question) and a CPA replies by email within one business day. For something that needs a proper look, a one-off **Advice Call** is a paid 45-minute session with a Chartered Professional Accountant: $225 plus GST, booked by email with a secure payment link. It is credited against your first invoice if you become a client within 60 days. Looking for an accountant to take this on rather than an answer? [Send an enquiry](https://www.everstonecpa.com/book-online?service=corporate-tax#enquiry-form).



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---
Source: https://www.everstonecpa.com/blog/keeping-a-minute-book-canada-corporation
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