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Corporate Transparency (CA0066)



Action Plan: Canada Action Plan 2018-2020

Action Plan Cycle: 2018

Status: Active


Lead Institution: Department of Finance Canada (FIN); Innovation Science and Economic Development Canada (ISED)

Support Institution(s): NA

Policy Areas

Beneficial Ownership, Capacity Building, E-Government, Legislation & Regulation, Legislature, Private Sector, Subnational

IRM Review

IRM Report: Pending IRM Review

Starred: Pending IRM Review

Early Results: Pending IRM Review

Design i

Verifiable: Pending IRM Review

Relevant to OGP Values: Not Relevant

Potential Impact: Pending IRM Review

Implementation i

Completion: Pending IRM Review


Corporate transparency
Issue to be addressed
Concealing information about corporate ownership can facilitate:
• tax evasion
• money laundering
• terrorist financing
• human rights abuses
• corruption
By improving corporate transparency, governments can safeguard against the misuse of
corporations and other legal entities while continuing to facilitate the ease of doing business in
order to foster growth and innovation.
In Canada, the responsibility for corporate law is shared between federal, provincial, and
territorial governments. Additionally, international collaboration and information-sharing
where appropriate can support more effective work in this domain by identifying best practices
and common challenges. Coordination is therefore needed to address corporate issues
The Government of Canada will continue to work with provincial and territorial governments to
implement the federal, provincial, and territorial finance ministers’ December 2017 Agreement
to Strengthen Beneficial Ownership Transparency. We will:
• require federal corporations to hold beneficial ownership information
• engage with key stakeholders on possible options to improve timely access to beneficial
ownership information
Lead department(s)
Department of Finance Canada (FIN); Innovation Science and Economic Development Canada
What will we do? How we will know we succeeded? What is our
3.1 Implement legislative
amendments to require federal
corporations to hold accurate
and up to date beneficial
ownership information, and
eliminate use of bearer shares
Amendments made to the Canada
Business Corporations Act
July 2019
3.2 Work with provincial and
territorial governments and key
stakeholders representing
various perspectives on
possible options to improve
timely access to beneficial
ownership information,
including retention and
disclosure obligations relating
to such information and the
exploration of a public registry
Consultations, framed by a discussion
document, with stakeholders from civil
society, private sector, academia and
other sectors are held to discuss issues
relating to beneficial ownership
information, including emerging best
practices in other jurisdictions
July 2019
Federal recommendations are provided
to provincial and territorial governments
on improving timely access to beneficial
ownership information
August 2019
3.3 Continue to work with
provincial and territorial
governments to support
coordinated implementation of
the Agreement to Strengthen
Beneficial Ownership
All elements of the Agreement are
implemented by the federal government
August 2020

Canada's Commitments

  1. User-Friendly Open Government

    CA0064, 2018, Capacity Building

  2. Financial Transparency and Accountability

    CA0065, 2018, E-Government

  3. Corporate Transparency

    CA0066, 2018, Beneficial Ownership

  4. Digital Government and Services

    CA0067, 2018, Capacity Building

  5. Open Science

    CA0068, 2018, Capacity Building

  6. Healthy Democracy

    CA0069, 2018, Civic Space

  7. Access to Information

    CA0070, 2018, Capacity Building

  8. Feminist and Inclusive Dialogue

    CA0071, 2018, Capacity Building

  9. Reconciliation and Open Government

    CA0072, 2018, Capacity Building

  10. Open Government Community

    CA0073, 2018, Capacity Building

  11. Enhance Access to Information

    CA0042, 2016, Legislation & Regulation

  12. Streamline Requests for Personal Information

    CA0043, 2016, E-Government

  13. Expand and Improve Open Data

    CA0044, 2016, E-Government

  14. Provide and Preserve Open Information

    CA0045, 2016, E-Government

  15. Define an Approach for Measuring Open Government Performance

    CA0046, 2016, Capacity Building

  16. Develop Open Government Skills Across the Federal Public Service

    CA0047, 2016, Capacity Building

  17. Embed Transparency Requirements in the Federal Service Strategy

    CA0048, 2016, Capacity Building

  18. Enhance Access to Culture & Heritage Collections

    CA0049, 2016, Capacity Building

  19. Enhance Openness of Information on Government Spending and Procurement

    CA0050, 2016, Capacity Building

  20. Increase Transparency of Budget and Other Department of Finance Information

    CA0051, 2016, Capacity Building

  21. Starred commitment Increase Transparency of Grants and Contributions Funding

    CA0052, 2016, Capacity Building

  22. Improve Public Information on Canadian Corporations

    CA0053, 2016, E-Government

  23. Increase the Availability and Usability of Geospatial Data

    CA0054, 2016, Capacity Building

  24. Increase Openness of Federal Science Activities (Open Science)

    CA0055, 2016, Capacity Building

  25. Stimulate Innovation through Canada’s Open Data Exchange (ODX)

    CA0056, 2016, E-Government

  26. Align Open Data Across Canada (Open Data Canada)

    CA0057, 2016, Capacity Building

  27. Implement the Extractives Sector Transparency Measures Act

    CA0058, 2016, Capacity Building

  28. Support Openness and Transparency Initiatives Around the World

    CA0059, 2016, Aid

  29. Engage Civil Society on Open Government

    CA0060, 2016, Public Participation

  30. Enable Open Dialogue and Open Policy Making

    CA0061, 2016, Capacity Building

  31. Promote Open Government Globally

    CA0062, 2016, Capacity Building

  32. Engage Canadians to Improve Key Canada Revenue Agency Services

    CA0063, 2016, Civic Space

  33. Implement Directive on Open Government

    CA0030, 2014, Open Data

  34. Starred commitment Open Data Canada

    CA0031, 2014, Open Data

  35. Canadian Open Data Exchange (ODX)

    CA0032, 2014, Capacity Building

  36. Open Data for Development

    CA0033, 2014, Capacity Building

  37. Open Data Core Commitment

    CA0034, 2014, Open Data

  38. Starred commitment Open Science

    CA0035, 2014, Science & Technology

  39. Starred commitment Mandatory Reporting on Extractives

    CA0036, 2014, Extractive Industries

  40. Open Contracting

    CA0037, 2014, Open Contracting and Procurement

  41. Open Information on Budgets and Expenditures

    CA0038, 2014, Fiscal Transparency

  42. Digital Literacy

    CA0039, 2014, Capacity Building

  43. Open Information Core Commitment

    CA0040, 2014, Right to Information

  44. Consulting Canadians

    CA0041, 2014, Marginalized Communities

  45. Starred commitment International Aid Transparency Initiative: Publish Plan to Make CIDA Activities Available and Accessible

    CA0010, 2012, Aid

  46. International Aid Transparency Initiative: Implement Plan

    CA0011, 2012, Aid

  47. Opening Government of Canada Records: Increase Access to Archived Federal Documents at Library and Archives Canada

    CA0012, 2012, Records Management

  48. Opening Government of Canada Records: Issue New Mandatory Policy on Document Classification

    CA0013, 2012, Records Management

  49. Opening Government of Canada Records: Make Classified Information Available Online

    CA0014, 2012, E-Government

  50. GCDOCS: Deploy Wave One of Electronic Record and Document Management Solution

    CA0015, 2012, E-Government

  51. GCDOCS: Deploy Across Federal Government

    CA0016, 2012, E-Government

  52. GCWEB: Develop Consolidated Web Presence

    CA0017, 2012, E-Government

  53. GCWEB: Implement New Platform

    CA0018, 2012, E-Government

  54. Data.Gc.Ca: Expand Number of Datasets Available

    CA0019, 2012, E-Government

  55. Data.Gc.Ca: Implement Data.Gc.Ca Portal

    CA0020, 2012, E-Government

  56. Data.Gc.Ca: Improve Standardization of Data

    CA0021, 2012, E-Government

  57. Government of Canada Resource Management Data: Publish Resource Management and Performance Data

    CA0022, 2012, E-Government

  58. Government of Canada Resource Management Data: Enhance Search and Data Tools

    CA0023, 2012, E-Government

  59. Consulting Canadians: Develop New Platform for Consultation

    CA0024, 2012, E-Government

  60. Consulting Canadians: Develop Standard Approach to Use of Social Media

    CA0025, 2012, E-Government

  61. Consulting Canadians: Pilot a Crowdsourcing Initiative

    CA0026, 2012, E-Government

  62. Consulting Canadians: Enable Use of Common Online Tools

    CA0027, 2012, E-Government

  63. Open Regulation: Federal Regulators to Post Forward Regulatory Plans

    CA0028, 2012, Legislation & Regulation

  64. Open Regulation: Simplify Engagement Activities

    CA0029, 2012, Legislation & Regulation

  65. Open Government Directive: Issue Directive on Open Government

    CA0001, 2012, E-Government

  66. Open Government Directive: Implement Directive on Open Government

    CA0002, 2012, E-Government

  67. Starred commitment Open Government Licence: Issue Open Government Licence

    CA0003, 2012, Legislation & Regulation

  68. Starred commitment Open Government Licence: Adopt Open Government Licence

    CA0004, 2012, Records Management

  69. Modernising Administration of Access to Information: Pilot of Online Request and Payment Service

    CA0005, 2012, Fiscal Transparency

  70. Modernising Administration of Access to Information: Implement ATI Solution

    CA0006, 2012, Fiscal Transparency

  71. Modernising Administration of Access to Information: Make Completed ATI Request Summaries Searchable

    CA0007, 2012, Right to Information

  72. Virtual Library: Begin Design of Virtual Library

    CA0008, 2012, E-Government

  73. Virtual Library: Launch Virtual Library

    CA0009, 2012, E-Government