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ARTICLE · 05 JULY 2024

CBCA Amendments: Public Disclosure Of ISC Register

Dale & Lessmann LLP
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As described in our previous bulletin linked here, the Canada Business Corporations Act (the "CBCA") was amended in June of 2019...

CanadaCorporate/Commercial Law
David Shaw
David Shaw
Julia Sergerie
Julia Sergerie
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As described in our previous bulletin linked here, the Canada Business Corporations Act (the "CBCA") was amended in June of 2019, to require private CBCA corporations to track and record individuals with significant control ("ISC") over the corporation.

The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry (the "Minister"), announced in a press release dated January 22, 2024, that effective as of January 22, 2024, the CBCA was further amended to require private CBCA corporations which are required to maintain a register of individuals with significant control (the "ISC Register") to report such information to Corporations Canada. It is expected that the ISC Register information provided to Corporations Canada will be publicly available in the near future.

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