Sure. I'd be happy to build on whatever's been said. Incorporation is a shared jurisdiction in Canada, and federal incorporation is less than 15% of all corporations of Canada. This bill would represent an important step by implementing a federal registry of corporations. However, 85% of corporations would not be covered.
The government is committed to continuing to work closely with the provinces and territories to create a pan-Canadian solution, a pan-Canadian approach to this issue. That could include provinces and territories joining the federal registry, or it could include provinces and territories incorporating their own registries and then making them interoperable with the federal one.