How do I make the beneficial owner filing (subsequent filings) on CBP?

After logging on to CBP you will be directed to the “Dashboard”

  • – go to “Service”
  • – click on the dropdown box select “Beneficial Owners” from the list
  • – select “New Service Request”

The window with Beneficial Owners will automatically appear with the information previously entered.

  1. Set up profile
  2. Populate “Amount of shares taken to date
  3. There is then a box to the bottom left you click on that and then select “Submit Now”.
2024-04-16T11:14:27-05:00April 16th, 2024|

On CBP, what is “% of Share”?

The “% of Share” is the amount of that shareholder’s shares, divided by the “Amount of shares taken to date”, multiplied by 100.

2024-04-16T09:07:12-05:00February 21st, 2023|

How do I make the beneficial owner (“BO”) filing (First Time) on CBP?

After logging on to CBP you will be directed to the “Dashboard”

  • go to “Service”
  • click on the dropdown box select “Beneficial Owners” from the list
  • select “New Service Request”

The window with Beneficial Owners will automatically appear with the information previously entered.

  1. Set up profile
  2. Populate “Amount of shares taken to date
  3. There is then a box to the bottom left you click on that and then select “Submit Now”.
2024-04-16T11:07:03-05:00February 21st, 2023|

How do I create a profile for a beneficial owner on CBP?

Once your entity verification has been approved you may proceed to create a profile for each individual and/or corporate entity in “People and Business”:

  1. Ensure that IDs for each person or certificate of incorporation (or similar documents) for each corporate entity are scanned to your computer.
  2. When you log in it takes you straight to the “Dashboard”.
  3. Select “People and Business” (to the right).
  4. Then “Add Person” (if the Beneficial Owner is a person), OR “Add Business” (if it is a business).
  5. Populate all information fields (nothing is optional – even if that is stated).
  6. SAVE.
2024-04-16T11:10:04-05:00February 20th, 2023|

Who is a beneficial owner?

A beneficial owner:

  • Holds, directly or indirectly, more than 25% of the shares or voting rights in the company;
  • Or has the right to appoint or remove a majority of the company’s board of directors.
  • If no individual in the company meets those conditions, the beneficial owner is the person who (directly or indirectly) has significant influence or control over the company, through either direct or indirect ownership. This does not apply if such control is solely in the capacity of a manager, director or adviser. Refer to Beneficial Ownership (Companies) Regulations (2019 Revision)
2024-04-16T11:09:59-05:00February 20th, 2023|