What must a corporation do if it is formed in another province but owns land in Alberta?

When a corporation formed in another province owns land in Alberta, it is required to register to do business in Alberta. This process, often referred to as "extra-provincial registration," allows the corporation to operate legally within the province. This requirement ensures that the corporation complies with local business laws and regulations, enabling it to engage in activities such as conducting transactions, hiring employees, or managing properties.

Failure to register could result in legal complications, including fines or the inability to enforce contracts. By registering, the corporation obtains the necessary permits and is recognized as a legal business entity in Alberta, which is essential for protecting its interests and rights concerning the land it owns.

While filing taxes would also be necessary, that is a different obligation that arises from conducting business within the province rather than an immediate requirement for simply owning land. Changing the corporate structure or submitting a business plan are not prerequisites for owning land in Alberta; instead, they pertain to different aspects of organizational management or business development.