I know where AnthonyR23 is going with this question.
So, since you know also... please explain to him what static compression will do for him on choosing parts and prior to assembling the engine?
Then, explain static compression while the engine is running and how it does or does not affect emissions? Depending on your answer, then explain why.
Follow that up with your explanation of what static compression he needs to start out with for his "emissions" engine.
Are you just trying to be some kind of prick or something? Either way, I'll bite.
I really can't give you any advice on emissions for you because you live in Ontario and I have no idea how they conduct emissions tests over there. I can tell you that if you lived in California like I do, you would fail emissions immediately with a manifold other than stock at most testing places and would have to search around for someone to do it. As far as what comes out your tail pipe, I don't think you will increase your emissions much or at all by having a better flowing intake. If the intake eliminates the EGR valve function, your NOX results will go up quite a bit, and that's not good for passing. Better heads also increase NOX, but again you should use heads that are 50 state legal in order to make sure all your smog equipment is doing its job, like the twisted wedge heads. In order to guarentee a passing of the smog test, you really should use the stock cam, maybe throw on some 1.7 roller rockers, or when you get a custom cam ground, specifically tell the grinder that you need to pass smog and you don't want to inch by. Tell him your whole combo and what your requirements are for passing.
When choosing parts, you should always look at all the parts that will effect your compression before you buy anything. First thing to do is select what compression ratio you want. If you want 10:1 compression, use any combination of parts you want to get you there. The easiest way is to select a 347 kit that says you will get 10:1 compression with a 58cc head and then buy a 58cc head.
Static compression is your compression ratio. It is not how much PSI is in the cylinder when you're cranking it over and measuring it, or when it's idling. As soon as you want to know the PSI in there, you are talking about dynamic compression which is measured when the parts are moving. The cam has an effect on this, as well as your static compression (the ratio), and I think better flowing heads and intake can effect it by allowing more air into the cylinders to be compressed. So, I am not sure what "Then, explain what static compression while the engine is running" means because static compression is only measured by the ratio. That is why it is called static, because the engine is not moving.
The static compression will have an effect on emissions, but not a lot, unless you are going with a crazy amount of compression. I have read material saying that a higher compression ratio will effect your CO, NOX, and hydrocarbon count, but others say it will only affect your NOX count, and from my experience it only affects the NOX, and if it does affect CO and hydrocarbons, it is very little. I run 10.13:1 in my 85 stang and I measured very little hydrocarbons and CO, but my NOX was decently high. Definitely well below the maximum allowed on all accounts. So I would say not to worry about the compression ratio in regards to emissions, just don't go nuts, stay 10:1 or under, because you need to run pump gas anyway, and make sure your other parts are emissions compliant. There are many engines today from the factory with around 10:1 compression so if it was a huge problem, they wouldn't use that much static compression.
Give us a little more detail about the emissions standards in your area. Do they do a visual inspection? If so, how detailed is it? Do you know what the limits are of the emissions that you can put out?