# Canada verification requirements for platforms with Custom accounts: FAQ

Verification requirements are changing for Canada-based Custom connected accounts accepting [card_payments](https://docs.stripe.com/connect/account-capabilities#card-payments) or with [transfer](https://docs.stripe.com/connect/account-capabilities#transfers) capabilities enabled. These requirements must be met so the accounts can continue to accept card payments and receive payouts.
Changes include:
* **Business types and structures supported.** We're collecting [company.structure](https://docs.stripe.com/api/accounts/create#create_account-company-structure) to accurately model legal structures around the world.
* **Business and personal information collected.** We’re updating the information collection and verification requirements for all businesses.
* **How business and personal information is verified.** We're updating our criteria for valid business and personal information, and introducing new error codes when we're unable to accept or verify information provided.
* **When information collection and verification is required.** We're adjusting when information collection and verification are due by introducing new grace periods and volume thresholds.
See a [more detailed explanation](https://docs.stripe.com/connect/upcoming-requirements-updates?program=ca-2023) of the various changes.
## What are the deadlines?
**New Custom connected accounts** created on or after **November 6, 2024:** Must meet the updated requirements during onboarding. Otherwise, they won’t be able to accept payments.
**Existing Custom connected accounts**: If your connected accounts have not provided the required information by **January 29, 2025** they will not be able to receive payouts. Their payments may be **Feb 19, 2025**, if they still have outstanding requirements. paused starting on
[**Visit your Dashboard**](https://dashboard.stripe.com/connect/accounts_to_review?active_orrs%5B0%5D=ca-2023) **for the latest due dates, as deadlines may differ from those in this article.**
## How do I need to change my onboarding process?
The steps you need to take depend on [how you currently onboard accounts](https://docs.stripe.com/connect/handle-verification-updates#onboarding-flow-options):
* Stripe-hosted onboarding
* Embedded components
* API-based onboarding
**Stripe-hosted onboarding or embedded components**
Collect updated information from accounts by **January 29, 2025**, so these accounts can continue to receive payouts and to accept payments.
Your [Dashboard](https://dashboard.stripe.com/connect/accounts_to_review) and the [Accounts API](https://docs.stripe.com/api/accounts) both show which of your accounts need to provide updated information.
Send users to your Stripe-hosted onboarding flow or the embedded onboarding component to collect the necessary information. Both update automatically with changing requirements.
**API-based onboarding**
Modify your onboarding flow by **November 6, 2024** so that new Custom connected accounts meet the updated requirements. And ensure that you’ve collected information from existing accounts by **January 29, 2025**, so that these accounts can continue to receive payouts and to accept payments.
**Modify your onboarding flow**_**:**_ There are a few ways to modify your onboarding flow to satisfy the updated requirements:
* Embedded components: Add our new [embedded onboarding components](https://stripe.com/docs/connect/custom/onboarding#embedded-onboarding) to your platform. They’re fully customizable, can be installed quickly, and handle verification requirements updates automatically.
* Stripe-hosted onboarding: Send accounts to an onboarding experience built and hosted by Stripe. [Stripe-hosted onboarding](https://stripe.com/docs/connect/custom/onboarding#stripe-hosted-onboarding) adapts to handle verification requirements updates automatically.
* API-based onboarding: Modify your existing onboarding flow using detailed verification responses from the [Accounts API](https://stripe.com/docs/connect/custom/onboarding#api-based-onboarding). You’ll need to update your onboarding manually whenever requirements change.
**Collect updated information:** Your [Dashboard](https://dashboard.stripe.com/connect/accounts_to_review) and the [Accounts API](https://docs.stripe.com/api/accounts) both show which of your accounts need to provide updated information. You can use our new embedded components or Stripe-hosted onboarding flows to collect updated information from these accounts, or submit it via the API.
## FAQ
### **What accounts are affected?**
These updated requirements apply to all Canadian connected accounts with the [card_payments](https://stripe.com/docs/api/accounts/object#account_object-capabilities-card_payments) or [transfer](https://stripe.com/docs/api/accounts/object#account_object-capabilities-transfers) capability enabled.
### **How can I see which of my accounts require updated information?**
See the status of affected connected accounts in the Dashboard's [Accounts to review](https://dashboard.stripe.com/connect/accounts_to_review) page. To filter by country click, **More filters > Verification requirement** and then check the box(es) for the countries you want to see.
### **What features are available to help me meet the updated requirements?**
There are several features available in your Stripe Dashboard and in the [Accounts API](https://docs.stripe.com/api/accounts) that will help you meet the updated requirements.
**Stripe Dashboard**
* The [Connect overview page](https://dashboard.stripe.com/connect) shows your task list. The tasks provide more context on what is required and help you track when it’s complete.
* The Dashboard’s [Accounts to review](https://dashboard.stripe.com/connect/accounts_to_review) page displays all connected accounts with outstanding requirements. You can download links to send connected accounts to collect updated business information.
* A new Requirements Details page is coming (estimated end of September, 2024) to show the information your accounts have submitted and the specific reasons for any errors. This will help you guide our accounts through any issues. [Request early access](https://docs.stripe.com/connect/dashboard/managing-individual-accounts#actions-required).
**Accounts API**
The Accounts API now includes `future_requirements`, indicating requirements that will come into effect at a future date. New verification errors are accessible via `requirements.errors` and `future_requirements.errors`.
Additionally, [verification responses](https://docs.stripe.com/connect/handling-api-verification#handle-risk-verifications) specify which information is needed for each account. These will be available via the API automatically for all platforms starting on October 29, 2024. Review the guide to these API changes and [opt in early](https://dashboard.stripe.com/settings/early_access).
### **What are Future Requirements?**
`future_requirements` is an API field on the [account](https://docs.stripe.com/api/accounts/object#account_object-future_requirements), [person](https://docs.stripe.com/api/persons/object#person_object-future_requirements), and [capabilities](https://docs.stripe.com/api/capabilities/object#capability_object-future_requirements) objects to ease the process of adapting to evolving compliance requirements. It provides a preview of upcoming requirement changes for your connected accounts well before the requirement(s) goes into effect, making it easier to see what user onboarding changes to make for new users signing up on your platform, and any additional information existing users need to provide.
### **I also have other types of connected accounts, not just Custom connected accounts. Does this change impact those accounts?**
There's no action for you to take for your other types of connected accounts. Your Stripe onboarding flow has automatically updated to handle changing requirements. We'll reach out to any connected accounts that need to provide updated business information.
### **What happens if I don’t collect this information?**
If an account doesn't provide the required information by the listed due date, their ability to accept payments and receive payouts will be paused. Typically, the timeframe to provide updated information is within 14 days of the due date to continue receiving payouts, and within 28 days to continue accepting payments. However, that timeframe might vary for certain types of issues.
### **Why is Stripe updating verification requirements for these accounts?**
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) released a [new set of regulations](https://docs.stripe.com/docs/api/accounts/object#account_object-capabilities-card_payments)in April, 2022 that requires Stripe to register as a money services business in Canada. This introduces additional Know Your Customer and Know Your Business requirements that impact connected accounts with either the [card_payments](https://docs.stripe.com/api/accounts/object#account_object-capabilities-card_payments) or [transfers](https://docs.stripe.com/api/accounts/object#account_object-capabilities-transfers) capability.
### **Will requirements continue to change?**
Yes. As regulatory requirements evolve globally, we expect our onboarding requirements to continue changing as well. If you use embedded onboarding components or Stripe-hosted onboarding, then Stripe automatically updates your onboarding flow to handle the latest verification requirements. If you use API-based onboarding, you’ll need to manually modify your onboarding flow whenever requirements change.