Canada — Historical Events Description

Canada flag
Canada
Event
CBCA Ownership Transparency Rules Take Effect
Category
Economic
Date
2024-01-22
Country
Canada
Description

New federal transparency rules took effect for many corporations under the Canada Business Corporations Act (CBCA). The changes require covered corporations to maintain information on “individuals with significant control”. This helped authorities and the public see who ultimately owns or controls a company. The goal is to reduce misuse of corporations for crimes such as money laundering. This marked a clear shift toward stronger corporate ownership transparency in Canada.