Government entities and publicly traded companies in Canada are required to provide information for the business entity and for the individual opening the Stripe account.

Onboarding as a government entity or publicly traded company

If you are setting up an account for a government entity or publicly traded company, you’ll need to submit your account application as a company (with the “Company” business structure) and provide information for the business representative.

When you reach the Business owners section, press “Continue with no owners”, and provide the rest of the information requested in the section.

Once you’ve submitted your account application, contact Stripe support and provide a letter on company letterhead, signed by a representative of the business, affirming your authorization to act on its behalf. The letterhead must contain the following information:

1. Date of signature
2. Stripe account name
3. Stripe account ID (e.g., acct_xxx)
4. Business Name(s)
5. Business address
6. Your company’s market ticker (publicy traded companies only). This is an abbreviation that denotes your stock on one of the Canadian stock exchanges.
7. Authorization statement:
   • Example: “I, [Employee Name], [Title] (e.g., CFO), authorize [Representative Name] (e.g., Sarah Jones), [Representative Title] (e.g., Product Manager) to manage the Stripe account for [Business Name].”
8. Website URL(s)
9. Business tax IDs
10. Account representative business email address
11. Confirmation that the business has minimum net assets of $75M on its last audited balance sheet (publicly traded companies only)
12. Signature of employee other than the account representative (e.g., CFO)

Once we validate the information provided, your account’s business type will be updated to reflect its status as a government entity or publicly traded company. This will exempt you from providing beneficial ownership or director information.

Things to note before submitting your application

Government Entities

To be onboarded as a government entity in Canada, please ensure that your account meets one of the following criteria:

• It is a department or an agent of Her Majesty in right of Canada or an agent or mandatary of Her Majesty in right of a province.
• It is an incorporated city or town, village, metropolitan authority, township, district, county, rural municipality or other incorporated municipal body in Canada or an agent or mandatary in Canada of any of them.
• It is an organization that operates a public hospital and that is designated by the Minister of National Revenue as a hospital authority under the Excise Tax Act, or an agent or mandatary of such an organization.

Please note that state-owned entities involved in commercial activities are not eligible.

Publicly traded companies

For publicly traded companies in Canada, note the following requirements:

• The ticker provided on the letterhead must match your company's market ticker.
• The company must be listed on a recognized Canadian stock exchange.
• The company must have a minimum of $75 million in net assets on its balance sheet

Subsidiaries of publicly traded companies

If your company is a wholly owned subsidiary of a publicly traded entity:

• Provide the parent company’s market ticker and stock exchange.
• Ensure the letterhead is from the parent company and contains its address.