RE:RE:RE:RE:RE:RE:Q3 ResultsGreat if you could post a link to this modified rule....can't seem to find it online...usually with this modifications all law forms publish reports....doesn't seem to be any for this change... am sure all on here would appreciate a link.
bttmfischer wrote: No, Baystboy7, you are mistaken.
The law was amended in 2022, and quite clear: unless the foreign entity by OWNING MORE than 33% of the voting shares GAINS NO CONTROL of a Canadian company, they can hold that many VOTING SHARES. Another wrinkle is, they can hold up to 40%,IF ANOTHER CANADIAN ENTITY holds the remaining 60% of them, and thus THEY and not the foreign entity have a CONTROLLING INTEREST of the Canadian company.
I am certain the lawyers of M&B are fully aware of this.