An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts (S.C. 2023, c. 29)

Full Document:

Assented to 2023-11-02

Consequential and Related Amendments (continued)

Marginal note:2017, c. 20, s. 434

(c) respecting the verification of the identity of persons and entities referred to in section 6.1 and requiring the reporting to government institutions or agencies of any discrepancies in information on the beneficial ownership or control of an entity arising out of that verification;

Marginal note:2022, c. 10

20 On the first day on which both section 433 of the Budget Implementation Act, 2022, No. 1 and section 14 of this Act are in force, section 266 of the Canada Business Corporations Act is replaced by the following:

Marginal note:Examination

266 (1) A person who has paid the required fee is entitled during usual business hours to examine and make copies of or take extracts from a document or other information — except any information sent under section 21.21, an application referred to in subsection 21.303(3) and any related document and a report sent to the Director under subsection 230(2) — that is required to be sent to the Director under this Act or that was required to be sent to a person performing a similar function under prior legislation.
Marginal note:Copies or extracts
(2) The Director shall, on request, provide any person with a copy, extract, certified copy or certified extract of a document that may be examined under subsection (1).

Marginal note:Order in council

21 (1) Subject to subsections (2) and (3), the provisions of this Act, other than section 20, come into force on a day or days to be fixed by order of the Governor in Council, but that day or those days must not be before the day on which section 1 comes into force.
Marginal note:Order in council
(2) Sections 1 and 19 come into force on a day or days to be fixed by order of the Governor in Council.
Marginal note:Order in council
(3) Sections 2, 4 to 6 and 17 come into force on a day to be fixed by order of the Governor in Council, but that day must not be before the day on which section 431 of the Budget Implementation Act, 2022, No. 1 comes into force.