Absolutely.
A beneficial ownership registry that is publicly accessible would deter the proceeds of crime from entering Canada. This is really important, because about $45 billion up to $100 billion is laundered through shell companies and shell properties and a variety of other means, each year. If the beneficial owners of these entities—that is the properties or companies—knew that they would be locatable and accessible on a public registry they would not register these entities in Canada.
We've seen these registries begin to be rolled out in many other G7 countries. Canada being a safe, stable democratic country has a huge risk if it leaves this back door to its economy open, where you can be a beneficial owner and incorporate a company or property anonymously.