Bill 78, An Act mainly to improve the transparency of
enterprises (hereinafter, the "Transparency Act"),
came into force on March 31, 2023, and results in significant
changes to the Act respecting the legal publicity of
enterprises, in particular the requirement, for registrants,
to declare their ultimate beneficiaries to the Registraire des
entreprises du Québec (the "REQ").
Following the coming into force of the Transparency Act, the REQ
has made available an online guide to help registrant to identify
their ultimate beneficiaries, according to the different legal
forms, through several examples.
Since this guide is only available in French on the REQ website,
Fasken has prepared a courtesy translation to make it more
accessible to all its clients subject to the Act respecting the
legal publicity of enterprises.
