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Canada US flags and beneficial ownership rules

Update: U.S. judge lifts injunction suspending Corporate Transparency Act and beneficial ownership reporting rules

A significant compliance requirement for Canadian companies with subsidiaries in the United States is the obligation to disclose information about the individuals that own or control those companies through Beneficial Ownership Information (BOI) reporting rules. The U.S. Corporate Transparency Act (CTA) also mandates that, in certain cases, the beneficial owners of a foreign-owned company with […]