CANADA'S PROPOSED LAND OWNER TRANSPARENCY ACT OF 2019

 British Columbia plans to enact a corporate transparency law which will require that Beneficial Owners of all corporations (10% ownership or more) and partnerships be disclosed. The information must be filed in a certified declaration, and that must be of record before any transfer of an interest in real property can be recorded.

Readers who wish to review the draft law may access the complete text here.