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The legal, regulatory and compliance landscape in Canada has changed, and will likely continue to change, for corporations, their shareholders and their advisors. As of June 13, 2019, the Federal Business Corporations Act (Canada) (the “CBCA”) was amended…
British Columbia has lowered the threshold at which shareholders of a property-owning corporation must be disclosed to its public registry of beneficial and indirect land owners to 10 per cent.
The British Columbia New Democratic Party Government, has introduced legislation, to force the disclosure of the benefical ownership of real estate and shares of Britis Columbia corporates.
The Government of British Columbia has committed to a 30-Point Plan for Housing Affordability. A part of the recently announced plan, involves the ending the “hidden ownership” of real estate to make sure people are paying their fair…
The British Columbia NDP government intends to introduce legislation mandating Canada’s first public registry of property beneficial ownership, to deter investors from buying housing through nominee companies and trusts. The move to crack down on real estate “hidden…
Crowdfunding – Introduction As discussed in our previous blog post, “Private Placements in Canada”, Canadian Securities regulations generally restrict a company from selling its securities without filing a prospectus, with the applicable securities regulator(s). This requirement can be…
Canadians with income from foreign assets are now obliged to report them in much more detail on Form T1135.
Land Owner Transparency Registry
Pre-existing owners that are "reporting bodies" (as defined in the legislation) with an interest in land are required to file a transparency report by November 30, 2021.