beneficial ownership registry

The Liberal government has continued to fulfil its promises to the NDP within its second federal budget since the parties struck a confidence-and-supply agreement in March 2022.

The same day the federal government slapped 15 Russian officials with sanctions, a new report revealed Canada’s clean reputation and weak transparency laws have made it a preferred place for transnational tax-dodgers and criminals to set up shell corporations.

The authors of a report that found $47 billion was laundered across Canada last year debated whether to include a graph that indicated Alberta, Ontario and the Prairies were hotspots for dirty money, says the lead writer.