The federal Liberals are moving ahead with plans to create an ownership registry after promising to increase transparency about who owns and controls corporations.

Industry Minister Fran莽ois-Philippe Champagne has tabled legislation that would create a corporate beneficial ownership registry.

The prospective registry is expected to have the goal of making it easier to identify owners of corporations who launder money, commit financial crimes or evade taxes.

Prime Minister Justin Trudeau91裸聊视频檚 mandate letter to Champagne after the last federal election included instructions to create such a registry.

The Liberals91裸聊视频� 2021 budget dedicated $2.1 million over two years 91裸聊视频渢o support the implementation of a publicly accessible corporate beneficial ownership registry by 2025.91裸聊视频�

But the Liberals91裸聊视频� supply-and-confidence agreement with New Democrats, signed a year ago, required a quicker timeline.

In that deal, which sees the NDP supporting the government on key votes in exchange for movement on NDP priorities, the federal government committed to implementing the registry by the end of 2023.

The federal government held public consultations in 2020 with a range of stakeholders 91裸聊视频� including law enforcement, tax agencies and industry associations 91裸聊视频� and found nearly all agreed with the idea of creating a registry.