This tool is designed to help small businesses, typically owned by 1 to 4 individuals, identify individuals with significant control (ISC) over the corporation. Please note that the information provided does not constitute legal advice.
An owner or shareholder with the authority to influence business affairs of the corporation may find this tool helpful for identifying individuals with significant control over their corporation.
Other than yourself, is there another owner or shareholder for your corporation?
To clarify, is this an accurate description of your role in this business?
- I have full authority and control over business activities
- I am the only owner/shareholder of this business
Based on the information provided, it seems that you are the only person with significant control over all business activities.
As the only owner or shareholder, make sure your ISC information is up to date in your corporation's ISC register.
You have indicated that you need to consult other owners or shareholders for important administrative and financial decisions.
How many owners or shareholders are there for this business?
If you and your partner each own and/or control 25% or more of the business, this means you both have significant ownership and influence over business decisions.
Do you and your partner each possess at least 25% ownership and/or control in this business?
Based on the information provided, it seems that 2 individuals have significant control over all business decisions.
Please make sure the following information is up to date in your corporation's ISC register:
- Your own information as one of the owners and shareholders of the business.
- The information about the second owner and shareholder of the business.
The owner or shareholder with at least 25% ownership and control is the individual with significant control for this business.
Please make sure the following information is up to date in your corporation's ISC register:
- The information about the owner and shareholder with 25% or more ownership and control.
If you and your partners each own and/or control 25% or more of the business, this means you all have significant ownership and influence over business decisions.
Do you and your partners each possess at least 25% ownership and/or control in this business?
Based on the information provided, it seems that 3 individuals have significant control over all business decisions.
Please make sure the following information is up to date in your corporation's ISC register:
- Your own information as one of the owners and shareholders of the business.
- The information about the other 2 owners and shareholders of the business.
The owners or shareholders with at least 25% ownership and control are the individuals with significant control for this business.
Please make sure the following information is up to date in your corporation's ISC register:
- The information about all owners and shareholders with 25% or more ownership and control.
If you and your partners each own and/or control 25% or more of the business, this means you all have significant ownership and influence over business decisions.
Do you and your partners each possess at least 25% ownership and/or control in this business?
Based on the information provided, it seems that 4 individuals have significant control over all business decisions.
Please make sure the following information is up to date in your corporation's ISC register:
- Your own information as one of the owners and shareholders of the business.
- The information about the other 3 owners and shareholders of the business.
The owners or shareholders with at least 25% ownership and control are the individuals with significant control for this business.
Please make sure the following information is up to date in your corporation's ISC register:
- The information about all owners and shareholders with 25% or more ownership and control.
Did you know your corporation must create and update its ISC register and is required to file ISC information with Corporations Canada?
Since January 22, 2024, you need to file information on the individuals with significant control (ISC) over your business.
ISC information will need to be filed with Corporations Canada at the following times:
- Annually (at the same time as filing your annual return);
- Within 15 days of a change in your ISC register; and
- Upon incorporation and after amalgamation or continuance.
Learn more about on what information to file.
Since January 22, 2024, all corporations created under the Canada Business Corporations Act need to file their individuals with significant control (ISC) information with Corporations Canada. Since 2019, most of them have been required to keep an ISC register. This information provides greater transparency over who owns and controls Canadian businesses, and helps law enforcement agencies expose activities like money laundering and tax evasion, which are growing global concerns. Learn more on individuals with significant control.