What makes companies registered in Canada attractive to those wanting to dodge taxes or launder money obtained from criminal activity is how easy it is to set up anonymous companies in this country.
Legalizing recreational cannabis was supposed to end organized crime’s control over the cannabis industry. But without a public registry of beneficial owners and publicly operated stores, we have no way of knowing what’s happening.
“The idea that municipalities can opt out is a bad joke. Those cities and towns that opt out will be wide open to gang activity - it makes no sense.” — OPSEU President Warren (Smokey) Thomas
Successive federal governments have talked tough on crime, terrorism and tax avoidance, while doing nothing to change weak rules about transparency for corporate ownership that facilitated those activities. While more is needed, it is encouraging to see governments recognizing the need to shut down the snow haven.