Tax Alert – Canada
CBCA changes: tax implications
No. 29, 10 July 2019
As of 13 June 2019, private corporations incorporated under the Canada Business Corporations Act are required to maintain a register of shareholders who, directly or indirectly, exercise “significant control” over a corporation. These amendments are expected to be followed by similar amendments to the counterpart legislation in the provinces and territories.
The amendments are intended to improve corporate transparency, a goal that the Canadian federal, provincial and territorial finance ministers committed to when they signed an Agreement to Strengthen Beneficial Ownership Transparency in 2017.
Click below to download the complete Tax Alert in PDF format.
Download the complete
Tax Alert 2019 Issue No. 29
as a printable document.
Budget information: For up-to-date information on the federal, provincial and territorial budgets, visit ey.com/ca/Budget.