Publication
Essential Corporate News – Week ending 11 July 2025
On 1 July 2025, the Quoted Companies Alliance (QCA) published three new board committee guides to accompany the QCA Environmental and Social Guide published in December 2024.
CBCA corporations must file information on individuals with significant control starting January 22
Author:
Canada | Publication | December 8, 2023
Starting on January 22, 2024, corporations under the Canada Business Corporations Act (CBCA) that are required to maintain a register of individuals with significant control (ISCs) will have to file that information with the director under the CBCA. Information on ISCs will have to be filed (1) annually, (2) within 15 days after recording a change to the register and (3) following any incorporation, amalgamation or continuance under the CBCA.
Corporations Canada has advised that the annual filing of the ISC information must be made at the same time as the filing of a corporation’s annual return. Annual returns must be filed within 60 days of a corporation’s anniversary date (the date on which the corporation was incorporated or otherwise came into existence under the CBCA) not its year end.
The director will not be required to make information about an ISC public immediately, but that will change once pending amendments to the CBCA are proclaimed in force. Law enforcement agencies and the Financial Transactions and Reports Analysis Centre of Canada will have access to information on ISCs filed with the director.
The information that must be filed with the director starting on January 22, 2024, is set out here.
| Information that may be made public | Information that will not be made public |
|---|---|
|
|
For further information on ISC registers see our previous client legal update here.
Recent publications
Publication
Climate change litigation update
In the two years since our last climate litigation update, the prevalence and variety of global climate litigation around the world has continued to increase.
Publication
L’AMF propose un encadrement pour l’usage de l’IA dans les services financiers : quelles obligations pour les institutions financières?
Selon un rapport conjoint du Bureau du surintendant des institutions financières (BSIF) et de l’Agence de la consommation en matière financière du Canada (ACFC), environ 70 % des institutions financières fédérales prévoient utiliser l’IA d’ici 2026 .
Subscribe and stay up to date with the latest legal news, information and events . . .