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…
Tag: Canada Business Corporations Act
If You Are Subject to the Canada Business Corporations Act, Take Note of New Record-Keeping Obligations
Effective June 13, 2019, corporations that are subject to the Canada Business Corporations Act must maintain and provide access to a register of individuals who, directly or indirectly, have “significant control” over the corporation.