Private Ontario corporations: New requirements to maintain transparency register

By Chaim Sapirman and Dania Mastrorillo ( February 2, 2023, 8:50 AM EST) -- On Jan. 1, 2023, amendments to the Business Corporations Act (Ontario) (the OBCA) came into effect, requiring private Ontario corporations (a corporation) to create and maintain a register of all “individuals with significant control” over the corporation (the Transparency Register)....