Yes, after many years of work, three of the biggest provinces have come on board. Ontario just announced that it is committing to a beneficial ownership registry system that is going to be aligned with the federal government system. There's a planned implementation date of 2027.
In terms of a pan-Canadian agreement, in practice all it really boils down to is provincial and federal finance ministers agreeing to implement beneficial ownership registries in their own provinces. The design of these registry systems is aligned with the federal government's system, which is otherwise known as the individuals with significant control register. The information is then shared between the provincial registry systems and the federal system so that there's a single lookup function.
A similar agreement was already struck in 2017 with then federal finance minister Bill Morneau. He met with his provincial and territorial counterparts and required federal and provincial companies to document or hold beneficial ownership information internally, and this pan-Canadian collective agreement would be the logical next step.
This is what can pave the way not only for greater transparency but also for deterrence in money laundering and deterrence in tax evasion. It would end up making requirements under the automatic exchange of information a lot easier, and it's in line with public country-by-country reporting initiatives.