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Corporate Beneficial Ownership

As of October 1, 2020 private companies subject to the B.C. Business Corporations Act are required to prepare and maintain a transparency register of beneficial owners, including individuals who have direct or indirect control of the company or its shares.

Land Owner Transparency Registry

The Land Owner Transparency Registry (LOTR) is a registry of information about individuals who are considered to have an indirect interest in land which will be housed in a public database. Beginning November 30, 2020, the Land Owner Transparency Act (LOTA) requires that when an application is made to register an interest in land, a transparency declaration must be filed with the LOTA administrator.

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