ist ▁Fin ancing ▁regime . ▁FC ▁requested ▁input ▁on ▁" cor por ate ▁ownership ▁trans par ency ▁and ▁mechan isms " ▁that ▁would ▁" im pro ve ▁tim ely ▁access ▁to ▁benef icial ▁ownership ▁information ▁by ▁authorities ▁while ▁maintain ing ▁the ▁ease ▁of ▁doing ▁business ▁in ▁Canada ." ▁The ▁resulting ▁November ▁ 2 0 1 8 ▁Stand ing ▁Committee ▁on ▁Fin ance ▁report , ▁recommended ▁the ▁creation ▁of ▁a ▁" pan - Can ad ian ▁benef icial ▁ownership ▁registry ▁for ▁all ▁legal ▁persons ▁and ▁entities , ▁including ▁trust s , ▁who ▁have ▁significant ▁control ▁which ▁is ▁defined ▁as ▁those ▁having ▁at ▁least ▁ 2 5 % ▁of ▁total ▁share ▁ownership ▁or ▁voting ▁rights " ▁that ▁would ▁" include ▁details ▁such ▁as ▁names , ▁addresses , ▁dates ▁of ▁birth ▁and ▁national ities ▁of ▁individuals ▁with ▁significant ▁control ". ▁While ▁the ▁registry ▁" should ▁not ▁be ▁public ly ▁accessible ", ▁it ▁could ▁be ▁" access ed ▁by ▁certain ▁law ▁enfor cement ▁authorities ", ▁the ▁Canada ▁Re venue ▁Agency , ▁Canadian ▁Border ▁Services ▁Agency , ▁F IN TR AC , ▁" author ized ▁reporting ▁entities ▁and ▁other ▁public ▁authorities ." ▁ ▁The ▁In nov ation , ▁Science ▁and ▁Econom ic ▁Development ▁Canada ▁ 1 3 ▁February ▁ 2 0 2 0 ▁report , ▁entitled ▁" Str ength ening ▁Corpor ate ▁Ben ef icial ▁O wn ership ▁Trans par ency ▁in ▁Canada ", ▁said ▁that ▁the ▁ 2 0 1 6 ▁Pan ama ▁Pap ers ▁and ▁Bah am as ▁Le aks ▁and ▁the ▁ 2 0 1