I'm not in any position to advise this committee on the best technical solution for requiring beneficial ownership disclosure, but, as someone from B.C., I can tell you that you don't need a new federal system. We're going to put that information in our provincial systems. From my perspective, what would be fastest for B.C. would be to have the feds say, “Here are the standards we are going to try to hit nationally around ensuring that beneficial ownership is disclosed. Can you make sure you have a registry in your province that discloses that information to the public?” That is something we can work with.
I agree with the challenges and the potential delay inherent in establishing a federal registry for provincial companies, or for provincial land title and so on. A federal registry for federal companies would be a good thing, but we can do it in B.C. with our existing systems.