Actually, first of all, it's a question of traceability. Whenever the Canada Revenue Agency, for instance, tries to find out who is being delinquent on their taxes and it runs into a shell company based in the Bahamas or Bermuda, it hits a wall at a certain point as it hunts for information and it's unable to trace the people responsible for those tax crimes.
That's a problem in terms of tax evasion and tax avoidance, but also in terms of money laundering. Organized crime does a lot of that, particularly in real estate investments across Canada as well.
For all these reasons, it's absolutely crucial that we know who the beneficiaries of these companies are.