Regulations Amending the Duty Free Shop...

June 13, 2005

13 June 2005

PC 2005-1130 Regulations Amending the Duty Free Shop Regulations

In the past, there has been some confusion on the part of duty free shop owners as to whether any or all of the shares of a corporation licensed to operate a border crossing duty free shop could be owned by a “second-level” corporation. These amendments clarify the provisions of subsection 3(3) of the Duty Free Shop Regulations so that shares of a corporation, applying to be licensed to operate a duty free shop at a border crossing points, may be owned by another corporation whose shares are owned entirely by individual persons.

The individual shareholders of these “second-level” corporations are themselves obliged to meet the requirements pertaining to Canadian citizenship or residency, and also be persons of “good character”. These requirements represent no change from the present rules for the individual shareholders.

In addition, “housekeeping” amendments are made, such as changes to the position titles.


Topic(s): 
Account Security Requirement
Information Source: 
Canada Gazette Publications
Document Type: 
Email Article