This post is an update to my original post posted on January 5, 2021 (link). On July 5, 2021, the Lieutenant Governor of Ontario proclaimed into force the provisions of Bill 213, Better for People, Smarter for Business Act, 2020, which removes the 25% Canadian resident director requirement for corporations subject to the Business Corporations… Continue reading (Update) Bill 213 Changes to OBCA Effective July 5, 2021
Tag: OBCA
Bill 213 Changes to OBCA
(Update: The changes below have been proclaimed into force and are effective as of July 5, 2021. See update post here.) On December 8, 2020, the Ontario legislature gave royal assent to Bill 213, Better for People, Smarter for Business Act, 2020. The Bill makes important changes to the Business Corporations Act (Ontario) (OBCA). Repeal… Continue reading Bill 213 Changes to OBCA