While the Liberal government has truncated the timeline for a beneficial\u002Downership registry by two years, there are questions over their actual execution
There are international precedents that suggest such action is effective.
Canada would do well to follow these innovations. This country currently has a mixed collection of disclosure rules for corporate registration, but most don’t go far enough in terms of transparency, public accessibility or enforcement.Article content People involved in the process say very little progress has been made on delivering the right, interoperable technology platform. The government has to choose between modifying an existing system to meet beneficial ownership registry requirements or buying a commercial off-the-shelf solution.
Companies are required to register provincially or federally, and a federal-only scheme would only cover 10 per cent of the businesses registered in this country. One NDP source said that there has been pushback from Quebec and Alberta, which both resent any federal intrusion into their jurisdiction, but added that the antagonism is “less than usual.”This advertisement has not loaded yet, but your article continues below.
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