12288299 C-42 C 42 An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts Loi modifiant la Loi canadienne sur les sociétés par actions et apportant des modifications corrélatives et connexes à d'autres lois An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts 357 Royal assent received Sanction royale reçue Royal assent received 60046 Royal assent Sanction royale Royal assent Royal assent false 2 Senate Sénat Senate 60050 Royal assent Sanction royale Royal assent 60050 Royal assent Sanction royale Royal assent 2 Senate Sénat Senate 2023-11-02T14:00:00 44 1 3 House Government Bill Projet de loi émanant du gouvernement (Cdc) House Government Bill true 1 House of Commons Chambre des communes House of Commons true false 88633 François-Philippe Champagne François-Philippe Champagne Hon. L’hon. Hon. Minister of Innovation, Science and Industry ministre de l’Innovation, des Sciences et de l’Industrie Minister of Innovation, Science and Industry 4 Minister ministre Minister 706 Saint-Maurice—Champlain Saint-Maurice—Champlain Saint-Maurice—Champlain 60149 Royal assent Sanction royale 60050 Royal assent 2023-11-02T14:00:00 2 Senate Sénat Senate 0 0 156 2023-03-22T16:45:03.973 2023-06-01T15:15:00 2023-06-22T00:05:00 2023-06-22T12:05:00 2023-09-26T15:05:00 2023-11-01T02:30:00 2023-11-02T14:00:00 false false true true true true true true true false false 10 Regular Ordinaire Regular <div>A legislative summary is currently being prepared for this bill by the Parliamentary Information, Education and Research Services of the Library of Parliament. Meanwhile, the following executive summary is available.<br/><br/>On 22 March 2023, the Minister of Innovation, Science and Industry introduced Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts, and it was given first reading. <br/><br/>Bill C-42 amends the Canada Business Corporations Act to, among other things,<br/>(a) require the Director appointed under that Act to make available to the public certain information on individuals with significant control over a corporation;<br/>(b) protect the information and identity of certain individuals;<br/>(c) add, or broaden the application of, offences and provide the Director with additional enforcement and compliance powers; and<br/>(d) add regulatory authority to prescribe further requirements in certain provisions.<br/>It also makes consequential and related amendments to other Acts.</div> <div>Les Service d’information, d’éducation et de recherche parlementaires de la Bibliothèque du Parlement rédige actuellement le résumé législatif de ce projet de loi. Entre-temps, le Service met à votre disposition le sommaire suivant.<br/><br/>Le 22 mars 2023, le Ministre de l’Innovation, des Sciences et de l’Industrie a déposé le projet de loi C-42, Loi modifiant la Loi canadienne sur les sociétés par actions et apportant des modifications corrélatives et connexes à d'autres lois, à la Chambre des communes en première lecture. <br/><br/>Le projet de loi C-42 modifie la Loi canadienne sur les sociétés par actions afin, notamment?:<br/>a) d’obliger le directeur nommé en vertu de cette loi à rendre accessible au public certains renseignements à l’égard des particuliers ayant un contrôle important d’une société;<br/>b) de protéger l’identité de certains particuliers et les renseignements à leur égard;<br/>c) d’ajouter une infraction et d’élargir la portée d’une autre, ainsi que d’accorder au directeur des pouvoirs supplémentaires relativement au contrôle d’application et au contrôle de la conformité;<br/>d) d’ajouter des pouvoirs réglementaires permettant de prévoir de nouvelles exigences dans certaines dispositions.<br/>Il apporte également des modifications corrélatives et connexes à d’autres lois.</div> <div>A legislative summary is currently being prepared for this bill by the Parliamentary Information, Education and Research Services of the Library of Parliament. Meanwhile, the following executive summary is available.<br/><br/>On 22 March 2023, the Minister of Innovation, Science and Industry introduced Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts, and it was given first reading. <br/><br/>Bill C-42 amends the Canada Business Corporations Act to, among other things,<br/>(a) require the Director appointed under that Act to make available to the public certain information on individuals with significant control over a corporation;<br/>(b) protect the information and identity of certain individuals;<br/>(c) add, or broaden the application of, offences and provide the Director with additional enforcement and compliance powers; and<br/>(d) add regulatory authority to prescribe further requirements in certain provisions.<br/>It also makes consequential and related amendments to other Acts.</div> true 2023 29 0 60029 First reading Première lecture First reading 1 44 1 4 Completed Terminée 2023-03-22T16:45:03.973 Completed Introduction and first reading Dépôt et première lecture Introduction and first reading 171 2023-03-22T00:00:00 true 60110 0 Introduction and first reading Dépôt et première lecture Introduction and first reading 2023-03-22T00:00:00 true false 60110 Introduction and first reading Dépôt et première lecture Introduction and first reading 2023-03-22T16:45:03.973 2023-03-22T16:45:03.973 1 2023-03-22T16:45:03.973 false false 60030 Second reading Deuxième lecture Second reading 1 44 1 4 Completed Terminée 2023-06-01T15:15:00 Completed 0 27179 Standing Committee on Industry and Technology Comité permanent de l'industrie et de la technologie INDU Standing Committee on Industry and Technology 12256706 6 false true false false Debate at second reading Débat à l’étape de la deuxième lecture Debate at second reading 177 2023-03-31T00:00:00 true Debate at second reading Débat à l’étape de la deuxième lecture Debate at second reading 187 2023-04-28T00:00:00 true Debate at second reading Débat à l’étape de la deuxième lecture Debate at second reading 203 2023-05-31T00:00:00 true Second reading and referral to committee Deuxième lecture et renvoi en comité Second reading and referral to committee 204 2023-06-01T00:00:00 true 12250137 12297146 2nd reading and referral to committee - INDU 2e lecture et renvoi en comité - INDU 2nd reading and referral to committee - INDU 15 Agreed To Adoptée Agreed To 10 On recorded division Suivant un vote par appel nominal On recorded division 343 317 0 2 2023-06-01T00:00:00 204 60121 0 Second reading and referral to committee Deuxième lecture et renvoi en comité Second reading and referral to committee 2023-06-01T00:00:00 true false 60121 Second reading and referral to committee Deuxième lecture et renvoi en comité Second reading and referral to committee 2023-06-01T15:15:00 2023-06-01T15:15:00 1 2023-06-01T15:15:00 0 1 12130180 60152 Sponsor’s speech Discours du parrain Sponsor’s speech 58621 Alexandra Mendès Alexandra Mendès Liberal Libéral Liberal 44 1 177 2023-03-31T10:00:55 0 1 12130598 60153 Response speech Discours en réponse Response speech 89289 Brad Vis Brad Vis Conservative Conservateur Conservative 44 1 177 2023-03-31T10:29:58 0 1 12130828 60153 Response speech Discours en réponse Response speech 88485 Gabriel Ste-Marie Gabriel Ste-Marie Bloc Québécois Bloc Québécois Bloc Québécois 44 1 177 2023-03-31T10:53:22 0 1 12171825 60153 Response speech Discours en réponse Response speech 89032 Daniel Blaikie Daniel Blaikie NDP NPD NDP 44 1 187 2023-04-28T10:29:16 false false 60049 Consideration in committee Examen en comité Consideration in committee 1 44 1 4 Completed Terminé 2023-06-14T12:32:27.683 Completed 0 27179 Standing Committee on Industry and Technology Comité permanent de l'industrie et de la technologie INDU Standing Committee on Industry and Technology 12256706 6 false true false false Committee report presented with amendments Présentation du rapport de comité avec des amendements Committee report presented with amendments 213 2023-06-14T00:00:00 true 27179 Standing Committee on Industry and Technology Comité permanent de l'industrie et de la technologie INDU 78 2023-06-05T00:00:00 Standing Committee on Industry and Technology 27179 Standing Committee on Industry and Technology Comité permanent de l'industrie et de la technologie INDU 80 2023-06-12T00:00:00 Standing Committee on Industry and Technology 60124 0 Committee report presented with amendments Présentation du rapport de comité avec des amendements Committee report presented with amendments 2023-06-14T00:00:00 true false 12521696 16 60124 Committee report presented Présentation du rapport de comité Committee report presented 2023-06-14T12:32:27.683 2023-06-14T12:32:27.683 1 2023-06-14T12:32:27.683 false false 60032 Report stage Étape du rapport Report stage 1 44 1 4 Completed Terminée 2023-06-20T15:25:56 Completed Debate at report stage Débat à l’étape du rapport Debate at report stage 215 2023-06-16T00:00:00 true Debate at report stage Débat à l’étape du rapport Debate at report stage 216 2023-06-19T00:00:00 true Debate at report stage Débat à l’étape du rapport Debate at report stage 217 2023-06-20T00:00:00 true 60285 0 Concurrence at report stage Adoption à l’étape du rapport Concurrence at report stage 2023-06-20T00:00:00 true false 60285 Concurrence at report stage Adoption à l’étape du rapport Concurrence at report stage 2023-06-20T15:25:56 2023-06-20T15:25:56 1 2023-06-20T15:25:56 false false 60031 Third reading Troisième lecture Third reading 1 44 1 4 Completed Terminée 2023-06-22T00:05:00 Completed Debate at third reading Débat à l’étape de la troisième lecture Debate at third reading 217 2023-06-20T00:00:00 true Third reading Troisième lecture Third reading 218 2023-06-21T00:00:00 true 12313123 12297148 3rd reading 3e lecture 3rd reading 15 Agreed To Adoptée Agreed To 10 On recorded division Suivant un vote par appel nominal On recorded division 407 321 0 2 2023-06-21T00:00:00 218 60134 0 Third reading Troisième lecture Third reading 2023-06-21T00:00:00 true false 60134 Third reading Troisième lecture Third reading 2023-06-22T00:05:00 2023-06-22T00:05:00 1 2023-06-22T00:05:00 false false 60029 First reading Première lecture First reading 2 44 1 4 Completed Terminée 2023-06-22T12:05:00 Completed First reading Première lecture First reading 138 2023-06-22T00:00:00 false 60111 0 First reading Première lecture First reading 2023-06-22T12:05:00 true false 60111 First reading Première lecture First reading 2023-06-22T12:05:00 2023-06-22T12:05:00 1 2023-06-22T12:05:00 false false 60030 Second reading Deuxième lecture Second reading 2 44 1 4 Completed Terminée 2023-09-26T15:05:00 Completed 0 16095 Standing Senate Committee on Banking, Commerce and the Economy Comité sénatorial permanent des banques, du commerce et de l'économie BANC Standing Senate Committee on Banking, Commerce and the Economy false true false false Debate at second reading Débat à l’étape de la deuxième lecture Debate at second reading 139 2023-09-19T00:00:00 false Debate at second reading Débat à l’étape de la deuxième lecture Debate at second reading 142 2023-09-26T00:00:00 false 60120 0 Second reading Deuxième lecture Second reading 2023-09-26T15:05:00 true false 60123 0 Referral to committee Renvoi en comité Referral to committee 2023-09-26T15:06:00 true false 60120 Second reading Deuxième lecture Second reading 2023-09-26T15:05:00 2023-09-26T15:05:00 1 2023-09-26T15:06:00 0 2 60152 Sponsor’s speech Discours du parrain Sponsor’s speech 35191 Percy E. Downe Percy E. Downe 2755 Canadian Senators Group Groupe des sénateurs canadiens Canadian Senators Group 44 1 139 2023-09-19T00:00:00 https://sencanada.ca/en/content/sen/chamber/441/debates/139db_2023-09-19-e#66 https://sencanada.ca/fr/content/sen/chamber/441/debates/139db_2023-09-19-f#66 https://sencanada.ca/en/content/sen/chamber/441/debates/139db_2023-09-19-e#66 0 2 60153 Response speech Discours en réponse Response speech 61439 Victor Oh Victor Oh 3570 Conservative Conservateur Conservative 44 1 142 2023-09-26T00:00:00 https://sencanada.ca/en/content/sen/chamber/441/debates/142db_2023-09-26-e#34 https://sencanada.ca/fr/content/sen/chamber/441/debates/142db_2023-09-26-f#34 https://sencanada.ca/en/content/sen/chamber/441/debates/142db_2023-09-26-e#34 true false 60049 Consideration in committee Examen en comité Consideration in committee 2 44 1 4 Completed Terminé 2023-10-24T00:00:00 Completed 0 16095 Standing Senate Committee on Banking, Commerce and the Economy Comité sénatorial permanent des banques, du commerce et de l'économie BANC Standing Senate Committee on Banking, Commerce and the Economy false true false false Committee report presented without amendment Présentation du rapport de comité sans amendement Committee report presented without amendment 151 2023-10-24T00:00:00 false 16095 Standing Senate Committee on Banking, Commerce and the Economy Comité sénatorial permanent des banques, du commerce et de l'économie BANC 53 2023-10-18T00:00:00 Standing Senate Committee on Banking, Commerce and the Economy 16095 Standing Senate Committee on Banking, Commerce and the Economy Comité sénatorial permanent des banques, du commerce et de l'économie BANC 54 2023-10-19T00:00:00 Standing Senate Committee on Banking, Commerce and the Economy 60124 0 Committee report presented without amendment Présentation du rapport de comité sans amendement Committee report presented without amendment 2023-10-24T00:00:00 true false 60124 Committee report presented Présentation du rapport de comité Committee report presented 2023-10-24T00:00:00 2023-10-24T00:00:00 1 2023-10-24T00:00:00 false false 60031 Third reading Troisième lecture Third reading 2 44 1 4 Completed Terminée 2023-11-01T02:30:00 Completed Debate at third reading Débat à l’étape de la troisième lecture Debate at third reading 154 2023-10-31T00:00:00 false Debate at third reading Débat à l’étape de la troisième lecture Debate at third reading 155 2023-11-01T00:00:00 false 60134 0 Third reading Troisième lecture Third reading 2023-11-01T02:30:00 true false Bill passed by the Senate without amendment Projet de loi adopté par le Sénat sans amendement Bill passed by the Senate without amendment 60134 Third reading Troisième lecture Third reading 2023-11-01T02:30:00 2023-11-01T02:30:00 1 2023-11-01T02:30:00 false false 60050 Royal assent Sanction royale Royal assent 2 44 1 0 Royal assent Sanction royale Royal assent 156 2023-11-02T00:00:00 false 60149 0 Royal assent Sanction royale Royal assent 2023-11-02T14:00:00 true false 60149 Royal assent Sanction royale Royal assent 2023-11-02T14:00:00 2023-11-02T14:00:00 1 2023-11-02T14:00:00 false false 12297256 80701 First Reading Première lecture First Reading 12531734 80702 As amended by committee Tel que modifié par le comité As amended by committee 12558646 80703 As passed by the House of Commons Tel qu’adopté par la Chambre des communes As passed by the House of Commons 12678497 80704 Royal Assent Royal Assent Royal Assent 0 343 2nd reading of Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts 2e lecture du projet de loi C-42, Loi modifiant la Loi canadienne sur les sociétés par actions et apportant des modifications corrélatives et connexes à d'autres lois 2nd reading of Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts 317 0 2 319 15 Agreed To Adoptée Agreed To 2023-06-01T10:00:00 true false false 0 0 384 Time allocation for Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts Attribution de temps pour le projet de loi C-42, Loi modifiant la Loi canadienne sur les sociétés par actions et apportant des modifications corrélatives et connexes à d'autres lois Time allocation for Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts 174 142 4 320 15 Agreed To Adoptée Agreed To 2023-06-19T11:00:00 true false false 0 0 391 Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts (report stage amendment) Projet de loi C-42, Loi modifiant la Loi canadienne sur les sociétés par actions et apportant des modifications corrélatives et connexes à d'autres lois (amendement à l'étape du rapport) Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts (report stage amendment) 113 207 4 324 16 Negatived Rejetée Negatived 2023-06-20T10:00:00 false true false 0 0 392 Concurrence at report stage of Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts Adoption à l’étape du rapport du projet de loi C-42, Loi modifiant la Loi canadienne sur les sociétés par actions et apportant des modifications corrélatives et connexes à d'autres lois Concurrence at report stage of Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts 319 1 4 324 15 Agreed To Adoptée Agreed To 2023-06-20T10:00:00 true false false 0 0 407 3rd reading and adoption of Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts 3e lecture et adoption du projet de loi C-42, Loi modifiant la Loi canadienne sur les sociétés par actions et apportant des modifications corrélatives et connexes à d'autres lois 3rd reading and adoption of Bill C-42, An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts 321 0 2 323 15 Agreed To Adoptée Agreed To 2023-06-21T14:00:00 true false false 0 0 Government of Canada tables new legislation to create a beneficial ownership registry (2023-03-22 | Department of Industry) Le gouvernement du Canada dépose un nouveau projet de loi visant la création d’un registre de la propriété effective des sociétés (2023-03-22 | Ministère de l'Industrie) 5 Press Release Communiqué de presse Press Release https://www.canada.ca/en/innovation-science-economic-development/news/2023/03/government-of-canada-tables-new-legislation-to-create-a-beneficial-ownership-registry.html https://www.canada.ca/fr/innovation-sciences-developpement-economique/nouvelles/2023/03/le-gouvernement-du-canada-depose-un-nouveau-projet-de-loi-visant-la-creation-dun-registre-de-la-propriete-effective-des-societes.html https://www.canada.ca/en/innovation-science-economic-development/news/2023/03/government-of-canada-tables-new-legislation-to-create-a-beneficial-ownership-registry.html 0 Government of Canada. Consultation on strengthening corporate beneficial ownership transparency in Canada Gouvernment du Canada. Consultation pour renforcer la transparence de la propriété effective des sociétés au Canada 8 Related Links Liens connexes Related Links https://ised-isde.canada.ca/site/consultation-strengthening-corporate-beneficial-ownership-transparency-canada/en https://ised-isde.canada.ca/site/consultation-renforcer-transparence-propriete-effective-societes-canada/fr https://ised-isde.canada.ca/site/consultation-strengthening-corporate-beneficial-ownership-transparency-canada/en 0 Government of Canada. Government of Canada strengthening corporate transparency for Canadian businesses. 2020-02-13 Gouvernment du Canada. Le gouvernement du Canada renforce la transparence des sociétés canadienness. 2020-02-13 8 Related Links Liens connexes Related Links https://www.canada.ca/en/innovation-science-economic-development/news/2020/02/government-of-canada-strengthening-corporate-transparency-for-canadian-businesses.html https://www.canada.ca/fr/innovation-sciences-developpement-economique/nouvelles/2020/02/le-gouvernement-du-canada-renforce-la-transparence-des-societes-canadiennes.html https://www.canada.ca/en/innovation-science-economic-development/news/2020/02/government-of-canada-strengthening-corporate-transparency-for-canadian-businesses.html 0 Joanna Dawson and Lily Le, “New Transparency Requirements on the Horizon for Federal Corporations: Bill C-42’s Proposed Amendments to the Canada Business Corporations Act,” Business Law Bulletin, McMillan, 1 May 2023. Joanna Dawson and Lily Le, « Vers de nouvelles obligations de transparence pour les sociétés de régime fédéral : les modifications à la Loi canadienne sur les sociétés par actions proposées par le projet de loi C-42 », Bulletin Droit des affaires, McMillan, 1er mai 2023. 8 Related Links Liens connexes Related Links https://mcmillan.ca/insights/new-transparency-requirements-on-the-horizon-for-federal-corporations-bill-c-42s-proposed-amendments-to-the-canada-business-corporations-act/ https://mcmillan.ca/fr/perspectives/publications/vers-de-nouvelles-obligations-de-transparence-pour-les-societes-de-regime-federal-les-modifications-a-la-loi-canadienne-sur-les-societes-par-actions-proposees-par-le-projet-de-loi-c-42/ https://mcmillan.ca/insights/new-transparency-requirements-on-the-horizon-for-federal-corporations-bill-c-42s-proposed-amendments-to-the-canada-business-corporations-act/ 0 Dierk Ullrich et al., “Measure for Measure – Federal Government to Create New Public Transparency Register for Private Federal Business Corporations,” Bulletin, Fasken, 30 May 2023. Dierk Ullrich et al., « Mesure pour mesure : le gouvernement du Canada entend créer un registre public accroissant la transparence des sociétés fermées de régime fédéral », Bulletin, Fasken, 30 mai 2023. 8 Related Links Liens connexes Related Links https://www.fasken.com/en/knowledge/2023/05/federal-government-to-create-new-public-transparency-register https://www.fasken.com/fr/knowledge/2023/05/federal-government-to-create-new-public-transparency-register https://www.fasken.com/en/knowledge/2023/05/federal-government-to-create-new-public-transparency-register 0 Charter Statement - Bill C-42: An Act to amend the Canada Business Corporations Act and to make consequential and related amendments to other Acts (Tabled 2023-04-18) Énoncé concernant la Charte - Projet de loi C-42 : Loi modifiant la Loi canadienne sur les sociétés par actions et apportant des modifications corrélatives et connexes à d’autres lois (Déposé 2023-04-18) 7 Background Documents Document(s) d'information Background Documents https://www.justice.gc.ca/eng/csj-sjc/pl/charter-charte/c42.html https://www.justice.gc.ca/fra/sjc-csj/pl/charte-charter/c42.html https://www.justice.gc.ca/eng/csj-sjc/pl/charter-charte/c42.html false false