News & Analysis as of

Beneficial Owner Canada

Blake, Cassels & Graydon LLP

Négociation de conventions d’achat de biens immobiliers : cinq considérations essentielles

Les tendances récentes observées dans les opérations immobilières au Canada révèlent l’évolution des pratiques de négociation et de nouvelles approches en matière de gestion des risques, de réglementation et de vérification...more

Bennett Jones LLP

Ross v. Luypaert: Separating Shared Property Interests Through the Partition Act (Ontario)

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The Court of Appeal for Ontario recently reaffirmed in Ross v. Luypaert 2025 ONCA 236 that a co-owner of a jointly owned property located in Ontario may bring an application for a partition or sale under Section 3 of the...more

Blake, Cassels & Graydon LLP

Recyclage des produits de la criminalité et financement des activités terroristes : modification accélérée du régime canadien

Le 7 mars 2025, le ministère des Finances du Canada a annoncé la finalisation de modifications apportées à la réglementation en vertu de la Loi sur le recyclage des produits de la criminalité et le financement des activités...more

Blake, Cassels & Graydon LLP

Canada Accelerates Amendments to Its Anti-Money Laundering and Anti-Terrorist Financing Regime

On March 7, 2025, Canada’s Department of Finance announced finalized regulatory amendments under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) that accelerate the in force date for several key...more

Dorsey & Whitney LLP

CTA Will Now Apply Only to Foreign Reporting Companies

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On February 27, 2025, FinCEN confirmed that it would halt enforcement actions in relation to the Corporate Transparency Act (“CTA”) while it developed revised regulations that would prioritize reporting for “those entities...more

Dorsey & Whitney LLP

Corporate Transparency Act: Enforcement Halted Pending Further Court Developments

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Canadian companies with U.S. subsidiaries have been gearing up all year to file beneficial ownership reports with FinCEN pursuant to the Corporate Transparency Act, in advance of a January 1, 2025 deadline for entities that...more

Cozen O'Connor

CSA Provides Delivery Relief for AGM Materials Due to Canada Post Strike

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On November 15, 2024, all postal service in Canada by Canada Post was suspended as a result of labour action by the Canadian Union of Postal Workers; a disruption that has resulted in significant collateral effects for...more

Bennett Jones LLP

2024 Taxation Year Reporting Exemption for Bare Trusts

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On October 29, 2024, the Canada Revenue Agency (CRA) announced that bare trusts are once again exempt from filing the T3 Income Tax and Information Return (including Schedule 15 regarding beneficial ownership information of a...more

American Conference Institute (ACI)

[Event] 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 5th - 6th, Toronto, Ontario, Canada

Hosted by the Canadian Institute, the 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime returns for another exciting year. The event features carefully curated programming providing practical guidance...more

Cozen O'Connor

BCSC Guidance on Joint Actors in Proxy Contests and Early Warning Disclosure Requirements

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On December 22, 2023, the British Columbia Securities Commission (the BCSC) rendered a decision in NorthWest Copper Corp. (Re) clarifying when parties are considered to be “acting jointly or in concert” and the appropriate...more

Dorsey & Whitney LLP

The Corporate Transparency Act: Are You Ready?

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On January 1, 2024, new direct reporting requirements to the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of the Treasury, became effective – known as the Corporate Transparency...more

Stikeman Elliott LLP

CBCA Corporations to Begin Submitting Transparency Registers to the Government: Public Access to Follow

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Canada’s federal beneficial ownership transparency requirements are changing again. Beginning January 22, 2024, federal corporations will be required to provide certain information from their registers of individuals with...more

Dickinson Wright

New Filing Requirements for Canadian Federal Corporations

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Effective January 22, 2024, all federally incorporated companies must file information on “individuals with significant control” (“ISC”) pursuant to new requirements under the Canada Business Corporation Act (the “CBCA”)....more

Davies Ward Phillips & Vineberg LLP

GOVERNANCE INSIGHTS 2023 - As the Pandemic Abates, Activists Advance: Shareholder Activism Rebounds in Canada

Canadian shareholder activism continued its post-pandemic resurgence into the first half of 2023. Emerging trends include the “activist swarm,” where multiple—yet uncoordinated—activists converge on a single target with...more

Stikeman Elliott LLP

British Columbia's Beneficial Ownership Transparency Register: Overview and Status Update

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As part of a global effort to improve corporate transparency and combat serious financial crime, private companies incorporated under the British Columbia Business Corporations Act (“BCBCA”) have been required to prepare and...more

Stikeman Elliott LLP

CBCA Beneficial Ownership Register 2.0: Public Access, Stronger Investigatory Powers and Better Guidance are Coming

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Canada’s federal beneficial ownership transparency provisions are changing. Since 2019, most Canada Business Corporations Act (CBCA) corporations have been required to create and maintain registers of Individuals with...more

American Conference Institute (ACI)

[Event] 22nd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 7th - 8th, Toronto, Ontario, Canada

AML compliance for reporting entities has never been of greater critical importance than it is today. With the growing sophistication of criminals and the methods and technologies that they employed, combined with the...more

Blake, Cassels & Graydon LLP

Budget fédéral 2023 : Répercussions sur le Régime canadien de lutte contre le recyclage des produits de la criminalité

Le 28 mars 2023, le gouvernement fédéral a publié son budget de 2023 (le « Budget 2023 »), lequel propose d’importants changements au régime canadien de lutte contre le recyclage des produits de la criminalité en vertu de...more

Blake, Cassels & Graydon LLP

2023 Federal Budget: Impact on Canada’s Anti-Money Laundering Regime

On March 28, 2023, the federal government released its 2023 budget (Budget) proposing significant changes to Canada’s anti-money laundering regime under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act...more

Stikeman Elliott LLP

Québec Announces In-force Dates for New Corporate Transparency Requirements (UPDATED)

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The Québec Government has announced that the transparency requirements set out in Bill 78, An Act mainly to improve the transparency of enterprises, will come into force on March 31, 2023. These requirements will apply to all...more

Stikeman Elliott LLP

Beneficial Ownership Transparency in Canada: An Evolving Regulatory Landscape

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As of April 1, 2023, the number of Canadian jurisdictions with beneficial ownership transparency requirements in force will have risen to ten. With the implementation of new transparency regimes in Saskatchewan, Québec and...more

Rivkin Radler LLP

Foreign Individuals Holding U.S. Real Property, or Left Holding the Bag?

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There have been some interesting developments of late with respect to the ownership of real property in parts of the English-speaking world. For example, Canada has imposed a temporary ban on the purchase of such property by...more

Stikeman Elliott LLP

Québec Announces In-force Dates for New Corporate Transparency Requirements

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The Québec Government has published a new webpage (available in French only) with further details on the implementation of Bill 78, An Act mainly to improve the transparency of enterprises, including an in-force date – March...more

Blake, Cassels & Graydon LLP

Modifications prévues aux exigences en matière de transparence des entreprises en vigueur en Ontario et au Canada

Comme nous l’avons mentionné dans le Bulletin Blakes de mai 2019 intitulé Modification de la LCSA : nouveau registre des particuliers ayant un contrôle important, depuis juin 2019, les sociétés fermées assujetties à la Loi...more

Stikeman Elliott LLP

Ontario’s New Transparency Register: Getting Your OBCA Corporation Ready for January 1, 2023

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Under new rules in force as of January 1, 2023, private corporations incorporated or continued under Ontario’s Business Corporations Act (“OBCA”) will be required to maintain a register (“Transparency Register”) of...more

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