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by _delirium 4696 days ago
I took the comment as meaning "go public", somewhat confusingly, in a colloquial sense of "not be stealth" or "go public with their numbers" rather than "becoming a publicly owned, stock-market-traded company". The latter is indeed not the case in Canada; you can have a large privately owned company. But above a certain threshold you have to at last disclose annual revenue figures.
1 comments

Sorry, yes, I meant become publicly trade-able. I assume this is done to force companies over a certain size to open their books? Maybe I've misunderstood how it works in Ontario/Canada as well, considering the other comments mentioning the number of shareholders.
No, in Canada you never need to open your books at any size.