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:

• Bill C-86: What you need to know and how to prepare
• New Requirements Regarding Beneficial Ownership of Federal Corporations
• New Register of Individuals with Significant Control Checklist
• Register of Individuals with Significant Control (Sample)
• Resolution for Location of Register of Individuals with Significant Control (Sample)