"Along with the new filing requirements, the CBCA updates increased the maximum fine for corporations for non-compliance to $100,000 from $5,000. In addition, individual officers, directors or shareholders could be liable for fines of up to $1 million and a maximum prison sentence of five years if they are convicted of an offence related to compliance failures."
We must read on , more disclosures for private companies, that is pretty every incorporated business that is not listed on the stock exchange.
Looks on the surface the intent is to bludgen small business owners and create some more work for lawyers and burecarts.
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