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Articles Relating to Corporate Law and Changes in Corporate Legislation

Amendment to Business Corporations Act (Ontario) to include a provision for Recording Ownership Interest in Land – December 10, 2016

As of December 10, 2016, you will be required to prepare and maintain a register of ownership interests in land in Ontario owned by a Corporation (as described in Section 140 of the Business Corporations Act (Ontario).  The register should include the municipal address, PIN Number and Legal Description, Registry Office, Roll Number, Ownership Interest (including the registered owner, joint tenant or tenant in common) and supporting documents including transfer or other document, when the property was acquired, when it disposed of and the beneficial owner.

 

Changes to the Forms used for Federal Companies formed under the Canada Business Corporations Act – November 21, 2016

Corporations Canada has implemented changes to a number of its forms related to the Canada Business Corporations Act, the Canada Not-for-profit Corporations Act and the Special Act of Parliament.

  • Forms provide for the new name of the Department – Innovation, Science and Economic Development Canada. In early 2017, all forms available online will be amended to reflect the new name.
  • Forms now allow, under the Corporation Number heading, for an additional digit. It is expected that in late Fall 2016, Corporations Canada will start issuing 8-digit corporation numbers.
  • Administrative changes are also being made to forms.

For a list of the forms that have been changed refer to Changes to Corporations Canada Documents.

 

Canadian Government Introduces a bill to promote corporate transparency and Diversity – September 28, 2016

This bill will amend the Canada Business Corporations Act, Canada Cooperative Act, Canada Not-for-Profit Act and Competition Act and change corporate law.

Bill Promoting Corporate Transparency and Diversity

Ontario Budget Measures Act, 2015

An act to amend certain statutes including the Business Corporations Act, the Corporations Act and the Securities Act.  this Act was assented to on December 10, 2015.

Ontario Budget Measures Act, 2015

Ontario’s Not-for-Profit Corporations Act

The Corporations Act (Ontario) will be amended by the Not-for-Profit Corporations Act when it is enacted and will effect non-share corporations and charities in Ontario.  Be prepared by reading the Article below.

Proposed Enactment of the Not-for-Profit Corporations Act

5Bill 128, Business Corporations Amendment Act (Shareholder Meetings and Executive Compensation), 2015

A Bill to amend the Business Corporations Act (Ontario) with respect to shareholder meetings and executive compensation.

Business Corporations Amendment Act