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Decentralized Democracy

House Hansard - 203

44th Parl. 1st Sess.
May 31, 2023 02:00PM
Context: House Hansard - 203 - May/31/23
Mr. Tako Van Popta
  • May/31/23 5:02:35 p.m.
  • Watch
  • Re: Bill C-42 
Mr. Speaker, ultimately, we will be waiting to see what comes up at committee and what the study will be, but a couple of things come to mind. One is that this system has to be efficient. It cannot be overly bureaucratic. Before I was elected to Parliament, I was practising corporate law. I was talking to my law partners the other day, and they were saying that the rules are just too complicated, making it time-consuming and expensive, as the costs are passed on to their clients, so I will be looking for efficiency. Also, my understanding is that the threshold for having to register someone as a beneficial owner is 25%. I suspect that is too high. It probably has to be a lower number, like 10%.
130 words
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