SoVote

Decentralized Democracy

Rick Perkins

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • South Shore—St. Margarets
  • Nova Scotia
  • Voting Attendance: 67%
  • Expenses Last Quarter: $136,927.65

  • Government Page
  • Jun/20/23 9:51:59 p.m.
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  • Re: Bill C-42 
Madam Speaker, I would say it is positive if any province is at the point where it has put in place a beneficial ownership registry. It was a commitment six years ago. Some of them already have them. They beat the federal government to it. In spite of the fact that the government rejected the amendment to get an agreement, it can still get an agreement. There is nothing that prevents the federal government from doing what we were trying to compel in law to get that agreement. It would make sure we share both the federal information with the provincial registries and the provincial registries with the federal registry. The benefit of a federal registry is that people do not have to look in 11 different locations. They could look in one. When this bill passes through the House, it should be a priority of the government to start the process to get those agreements and get that information in place.
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  • Jun/20/23 9:50:02 p.m.
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  • Re: Bill C-42 
Madam Speaker, I will start with the positive. The positive is that there is a bill that will establish a federally incorporated beneficial owner registry for the 10% of companies in Canada that are federally registered. That is a good thing. How serious is the government? The press release to do this was issued in 2017, six years ago. That is even slow by Liberal standards to get such a simple bill through. It was rushed through in two and a half months after it made a commitment six years ago. If it were treating this seriously, it would have given us a little bit more time in committee and worked with us to improve the bill, as other parties tried to do.
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  • Jun/20/23 9:32:51 p.m.
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  • Re: Bill C-42 
Madam Speaker, as a lawyer, my colleague will have seen when there is a hole in the registration process. Let us say that three provinces have a beneficial registry or even eight have a beneficial registry, the federal government has one and two have none. What happens? Can he explains to this House what happens and where corporations go?
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