Notice - Register of individuals with significant control
As of June 13, 2019, all Canada Business Corporations Act (CBCA) corporations, except some distributing corporations, will have to create and maintain a new type of register that lists all individuals that have a significant control over the corporation.
The intent of the Individuals with Significant Control (ISC) Register is to provide greater transparency over who owns and controls a corporation, and to help law enforcement agencies expose activities like money laundering and tax evasion.
Corporations Canada has prepared general information on the topic, including a model template corporations can use as a guide when preparing their ISC Register. Additional materials will be published at canada.ca/federal-incorporation as more information becomes available.
Corporations Canada invites individuals or corporations to submit comments and suggestions on how to improve existing guidance materials. Submit comments to IC.corporationscanada.IC@canada.ca.
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