An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts
Sponsor:
François-Philippe Champagne, Minister of Innovation, Science and Industry (Saint-Maurice—Champlain)
Proposed changes
On 22 March 2023, the Minister of Innovation, Science and Industry introduced Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts, and it was given first reading.
Bill C-42 amends the Canada Business Corporations Act to, among other things,
require the Director appointed under that Act to make available to the public certain information on individuals with significant control over a corporation;
protect the information and identity of certain individuals;
add, or broaden the application of, offences and provide the Director with additional enforcement and compliance powers; and
add regulatory authority to prescribe further requirements in certain provisions.
It also makes consequential and related amendments to other Acts.
What MPs said
The most recent recorded speeches on this bill. Links go to the official transcript of that sitting.