National Action Plan on Open Government Commitment
Department of Finance Canada
- On June 13, 2019, amendments to the Canada Business Corporations Act (CBCA) came into force that require federally-incorporated private corporations to create and maintain a register of individuals with significant control over the corporation in its corporate books (Bill C-86). Subsequent amendments to make these records more readily available to investigative bodies came into force on June 21, 2019 (Bill C-97). - The CBCA has required shares to be in registered form since 1975. Amendments to the CBCA to prohibit the issuance of options and rights in bearer form came into force on May 1, 2018.
Evidence of progress: