Find news, events, articles, videos, and more that answer your questions and keep you up-to-date.
Visit Resource Center
Stay informed on compliance updates
Canada — In 2019, the Canada Business Corporations Act (Bill C-86) was amended to require private corporations to identify all individuals with ‘significant control’ over a corporation on an annual basis. Significant penalties may be imposed should these individuals not be identified, including personal liability of directors and officers of the corporation and shareholders that fail to comply. This new register will not be available to the public but it will be open to shareholders and creditors of the corporation.
An Individual may have ‘significant control’ of a corporation when: