New Transparency Requirements for Corporations Subject to the Canada Business Corporations Act Come Into Force on January 22, 2024

The federal government has proclaimed January 22, 2024 as the coming into force date for certain provisions of the Canada Business Corporations Act (CBCA) that were enacted by the Budget Implementation Act, 2022, No. 1. Corporations which are subject to the CBCA (Corporations) will now have additional reporting obligations regarding their registry of individuals with significant…

Diversity Disclosure Requirements under CBCA in force January 1, 2020

As previously reported, Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act received Royal Assent on May 1, 2018 and will, among other things, impose new obligations on corporations incorporated under the Canada Business Corporations Act (CBCA) with the goal…