Orbitax Daily Tax Newsletter: AI Powered Insights

XatBot’s Newest Release: Smarter workflows, deeper insights, and seamless document handling

Get started Book a demo
EYEY

Canada: New transparency register requirements in Ontario

|Tax Alerts, Information Reporting, Provi ...|Canada
Canada

  • Starting 1 January 2023, Ontario private corporations are required to prepare and maintain a register of individuals with significant control (ISC) over the corporation.

  • This requirement is part of an overall effort to combat various illicit activities.

  • This Alert outlines the requirements of the new transparency register and penalties for non-compliance.

Starting 1 January 2023, important changes to Ontario’s Business Corporations Act (OBCA) have come into effect, requiring Ontario private corpora…

We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.