Amendments to the Canada Business Corporations Act, which recently received Royal Assent as part of Budget Implementation Act No. 2.

These amendments set out criteria for identifying individuals with significant control over a corporation. It also sets out a requirement for a corporation that meets certain criteria to keep a register of individuals with significant control and requirements respecting the information to be recorded in it. Finally, it includes applicable offences and punishments.

The amendments may be accessed below.

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