The Canadian Business Corporation Act (CBCA) is a foundational piece of legislation governing and regulating federally incorporated corporations in Canada. The Act was recently amended by the passing of Bill C-42 which received Royal Assent on November 2, 2023. It represents a significant step toward improving corporate governance in Canada with its primary objective being…
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Incorporating a business in Canada is a significant milestone for entrepreneurs however, beyond the initial incorporation process, business owners must navigate a series of ongoing obligations to ensure compliance with the law and maintain the integrity of their corporations. Under the Canada Business Corporations Act (CBCA), federally incorporated businesses in Canada are subject to specific…