Changes to the Canada Business Corporation Act received Royal Assent on December 13, 2018. These changes include a requirement for all corporations to maintain a register of individuals who have significant control over the corporation. Corporations should ensure that they are compliant on or before June 13, 2019.
For more information on this new requirement please go to minute/second 8:49 in the January 2019 edition of “Life in the Tax Lane” by Video Tax News: https://www.videotax.com/life-in-the-tax-lane/