GI-2026-42-reg5: Regulations Amending the Canada Business Corporation Regulations, 2001 and the Canada Cooperatives Regulations (Notice-and-Access)

About 496 federally incorporated distributing corporations (publicly traded companies listed on Canadian stock exchanges) are directly affected, with approximately 90% expected to adopt notice-and-access. The average company stands to save roughly $28,276 per year in printing and mailing costs, adding up to an estimated $90.7 million in total savings across the industry over 10 years. Companies will still need to fulfill paper copy requests from shareholders who ask for them, but fewer than 1% of shareholders are expected to do so based on TSX issuer experience, keeping those costs minimal at about $566 per company. Cooperatives under the Canada Cooperatives Act are also touched by related administrative changes, though their core obligation to send financial statements to all members and shareholders remains unchanged.