A new agreement aims to reduce red tape for businesses operating in British Columbia, Alberta and Saskatchewan.
Businesses will no longer be required to register as a corporation separately in each of the three jurisdictions.
The deal comes as a result of the New West Partnership, a 2010 agreement between the three provinces to work together and reduce interprovincial trade barriers.
Corporations will have to provide additional required information to their home province for their registration to take effect in the other provinces, but no additional fees will be required.
As well, corporations will only have to file their annual returns in their home province.
“Reducing red tape and creating a more open and competitive marketplace with British Columbia and Saskatchewan will help Alberta businesses expand their markets and attract new clients,” Service Alberta minister Manmeet Bhullar said in a news release.
“These actions help secure our province’s economic prosperity.”
