Applying for Ramp as a Canadian business
Overview
Ramp is available for businesses legally registered in Canada, with no US entity required. The application process uses a dedicated Canadian financing application and requires specific documentation to comply with FINTRAC.
This article covers what to expect during the application, what documents to prepare, and how Ramp determines your credit limit.
Eligibility requirements
Before applying, confirm that your business meets the following criteria.
Business type
Your business must be a corporation, incorporated partnership, or not-for-profit organization registered in Canada. Sole proprietorships and unregistered businesses are not eligible at this time.
Supported provinces
Your business must be legally registered in one of these provinces:
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Ontario
- Prince Edward Island
Quebec, Saskatchewan, and the territories (Yukon, Northwest Territories, and Nunavut) are not supported at this time.
Minimum cash balance
Your connected bank accounts must reflect a balance of at least CA$25,000. This is a minimum threshold for eligibility, and does not guarantee approval.
Industry eligibility
Certain industries may be restricted from onboarding to Ramp. This includes cryptocurrency and cannabis businesses, among others, see here for more details. If you're unsure whether your industry qualifies, contact Ramp Support before applying.
Applying for Ramp
The online application at ramp.com/signup takes about 5 minutes to complete.
- Go to ramp.com/signup and enter your business email to start your application. You'll then create your Ramp account (name and password) and verify your email.
- On the Let's get started page, select Canada when asked where your business is registered.
- Enter your business details: legal name, registered address, and Canadian Business Number (CBN) or incorporation number.
- Add key individuals and provide their required Know Your Customer (KYC) information.
- Connect your Canadian bank account. Your application will show whether bank statements are required.
- Upload the required Know Your Business (KYB) documents and submit your application. If prompted after submission, complete additional identity verification.
- Receive a decision. Most applications are reviewed within a few business days.
Documents you'll need
Ramp is required under FINTRAC regulations to verify both your business and the individuals who control or own it.
Business verification (KYB)
- Business registration document — upload one of the accepted document types shown in your application. If you upload a Certificate of Incorporation or Articles of Incorporation, it must include your incorporation date, business legal name, and business corporation number
- Proof of business address, if requested — a recent bank statement, utility bill, or current lease showing your registered business address
- Ownership structure documentation — confirms who owns the business and in what percentages
Individual verification (KYC)
Ramp verifies the following individuals:
All key individuals must provide their full name, email address, phone number, occupation, and residential address. Beneficial owners and authorized signers must also provide their date of birth.
| Role | Who qualifies | Information required |
|---|---|---|
| Beneficial owners | Anyone with 25% or more direct or indirect ownership or control | Full name, date of birth, email address, phone number, occupation, residential address |
| Authorized signers | Up to 3 individuals authorized to sign on behalf of the business | Full name, date of birth, email address, phone number, occupation, residential address |
| Directors | All active directors | Full name, email address, phone number, occupation, residential address (date of birth not required for director-only individuals) |
One person can hold more than one role. For example, a founder who is also a director and authorized signer only needs to be listed once.
KYC verification is completed through Alloy. Depending on your application, you may also be prompted to complete identity verification through Onfido using a photo of a government-issued ID and a selfie.
How your credit limit is determined
Ramp sets your credit limit based on your cash balance, bank transaction history, and overall business profile. A minimum balance of CA$25,000 is required for eligibility, but the limit you receive will reflect your full financial picture — businesses with stronger cash positions typically qualify for higher limits.
Ramp does not pull personal credit bureau data for Canadian applications. There are no personal credit checks or personal guarantees.
After you're approved
Once approved, you'll receive an email with instructions to finish setting up your Ramp account. From there, you can:
- Issue CAD Visa cards (physical and virtual) and virtual USD Visa cards for your team
- Connect your accounting software (QuickBooks Online, Xero, NetSuite OneWorld, or Sage Intacct), or use Universal CSV
- Enable reimbursements and Bill Pay
- Invite employees and admins
Frequently asked questions
What provinces are supported?
Ramp currently supports businesses registered in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, and Prince Edward Island. Quebec, Saskatchewan, and the territories (Yukon, Northwest Territories, and Nunavut) are not supported at this time.
Can I apply if my business has both a US and a Canadian entity?
Yes. If you already use Ramp for your US entity, you'll apply through a separate Canadian financing application. Your Canadian entity will have its own credit limit and card program.
If your business operates globally, we recommend applying to Ramp through your US entity with Ramp Enterprise to access local card issuing and debiting in supported countries outside Canada.
How long does the application take?
Most applications are reviewed within approximately 1 week after all documents are submitted. Complex ownership structures or missing documentation may extend the timeline.
Do directors need to provide their date of birth?
Not if they hold only the director role. If the same person is also a beneficial owner or authorized signer, date of birth is required; see Individual verification (KYC).
What happens if Ramp requires additional identity verification?
Complete the identity check described in Individual verification (KYC). Most verifications complete within a few minutes.