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.