I would say that I think there's an inclination of provinces to follow suit, and on the 25%, even if corporations were to stack, I would say that the obligation on the directors and officers of the company is to identify the individual of significant control—an actual person. Even if you're stacking to various shell companies, you still have a positive obligation under Canadian law to identify the physical person who ultimately is the beneficial owner of the company.
On June 5th, 2023. See this statement in context.