Canadian private federal corporations will be required — as of June 13, 2019 — to maintain a register of individuals considered to have significant control of a business in accordance with Bill C-86, the Budget Implementation Act, 2018, No. 2.

To assist you, BLG has developed a toolkit that organizations may use to prepare as non-compliance could result in significant penalties for both the organization and its board of directors:

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.