Corporations incorporated under the Canada Business
Corporations Act (the "CBCA") are
about to face a significant increase in the share ownership
information that they are required to collect.
Bill C-86, an implementation bill for the 2018 federal budget
that includes the Federal government's amendments to the CBCA,
received Royal Assent on December 13, 2018. The CBCA amendments are
set to come into force on June 13, 2019. The changes impose
additions to the information that every CBCA corporation is
required to record respecting its shareholders, and provides for
additional kinds of third party disclosure of that shareholder
information in certain circumstances beyond that previously
provided under the CBCA.
