Diane Karnay wrote a Corporate Alert – “New Land Registration Requirement for Corporations”

As of December 10, 2016, there will be a new requirement under the Business Corporations Act (Ontario) for every Ontario corporation to prepare and maintain at its registered office a register of its ownership interests in land in Ontario. Please note that such register will need to set out the following information:

• identify each property; and
• show the date the corporation acquired the property and,
• if applicable, the date the corporation disposed of the property.

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