January 20, 2022

Legislative Disclosure Updates Affecting Your Ontario Small Business!

On November 4, 2021, Bill 43 was introduced in Ontario, titled the Build Ontario Act. This Bill amends the Ontario Business Corporations Act (the “OBCA”) to require private corporations to prepare and maintain a register of individuals with significant control over the corporation. The term “individuals with significant control over a corporation” is defined as: someone who …

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