National Action Plan on Open Government Commitment

Milestone:
Commitment:
Lead Organization:
Department of Finance Canada
Status:
Complete
Progress:
- British Columbia, Manitoba, Nova Scotia, and Prince Edward Island have passed legislative amendments improving beneficial ownership transparency in line with the 2017 Finance Ministers' Agreement to Strengthen Beneficial Ownership Transparency while Saskatchewan has introduced similar draft legislation. - As noted, amendments made to the CBCA now require federally-incorporated private corporations to keep records of beneficial owners that are available to law enforcement and tax authorities, and to prohibit the issuance of options and rights in bearer form) are now in force. Federal, provincial and territorial governments continue to cooperate on assessing other potential mechanisms to improve timely access to beneficial ownership information by competent authorities including through the public consultations noted above.
Evidence of progress:
- See above
Challenges:
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