Yuvraj will represent Toronto Nationals, who will be boosted by this major signing as they finished last in the previous season.
Yuvraj will accompany the likes of Kieron Pollard, Brendon McCullum and Trent Boult to form a formidable line-up for Toronto while Manpreet Gony, pacer from Punjab, is the only other Indian in the squad.
Known for his clean striking, the left-handed batsman is most widely remembered for his six consecutive maximums to Stuart Broad in the 2007 T20 World Cup during his record-breaking 12-ball fifty.
While announcing his retirement, Yuvraj had expressed his willingness to participate in overseas T20 leagues.
"I want to play T20 cricket. At this age, I can manage to play some kind of fun cricket. I want to go and enjoy my life.
"It's been too stressful just thinking about my international career, performing and big tournaments like the IPL," the 37-year-old stated in the press conference declaring his retirement.
Yuvraj's inclusion in the Global T20 Canada might pave the way for future stints in other T20 tournaments around the globe.
The six-team competition will feature Vancouver Knights, Winnipeg Hawks, Edmonton Royals, Montreal Tigers and Brampton Wolves including Toronto Nationals.
Other teams also boast some high-profile signings such as Sunil Narine and Thisara Perera for Montreal Tigers, Kane Williamson and Faf du Plessis for Edmonton Lions, Chris Gayle and Andre Russell for Vancouver Knights, Chris Lynn, JP Duminy and Dwayne Bravo for Winnipeg Hawks and Darren Sammy, Shakib Al Hasan and Shahid Afridi for Brampton Wolves.