Corporations, Ownership Transparency and the New Rules

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…

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Beneficial Property Ownership Reporting Threshold Lowered in British Columbia

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.

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New Disclosure of Benficial Ownership in British Columbia

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.

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Land Owner Transparency Act

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…

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Public Registry of Beneficial Owners of Property – British Columbia

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…

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Crowdfunding – Raising Funds for Your Business

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…

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CRA and Foreign Assets Disclosure

Canadians with income from foreign assets are now obliged to report them in much more detail on Form T1135.

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