On January 22, 2024, certain proposed amendments to Canada Business Corporations Act have come into force. Private corporations governed by the CBCA will have to file the information contained in their register of individuals with significant control with Corporations Canada. Are you ready?
These amendments align with the objectives and a series of measures announced by the federal government to improve corporate transparency to assist with combatting tax evasion, money laundering and terrorist financing.
These new measures will impact the operations of many businesses, as they will have to be compliant within a short period of time.
Disclaimer: The information in this Guide is intended for general purposes and its application depends, among other things, on the specific facts of each situation. Some of the criteria may have been simplified in the Guide and the law may have evolved since the Guide was published.
Download the guide (PDF, 4428 Ko)Guide updated on January 17, 2023.
