Category: Canada Business Corporations Act

Understanding Beneficial Ownership Transparency: New ISC Reporting Requirements in Canada

Introduction Recent amendments to the Canada Business Corporations Act (CBCA) have introduced significant changes to beneficial ownership transparency in Canada. As of January 22, 2024, private CBCA corporations must submit information on Individuals with Significant Control (ISCs) to Corporations Canada, with certain details being made publicly available through a free registry. These reforms align Canada […]