Canada Business Corporations Act
|Canada Business Corporations Act|
|An Act respecting Canadian business corporations|
|Citation||RSC 1985, c. C-44|
|Enacted by||Parliament of Canada|
|Date assented to||24 March 1975|
|Date commenced||15 December 1975|
The Canada Business Corporations Act ("CBCA") is an Act of the Parliament of Canada regulating Canadian business corporations. Corporations in Canada may be incorporated federally, under the CBCA, or provincially under a similar provincial law.
The Act was based on a report by a task force organized in 1967 to provide the first comprehensive review of federal corporate law since 1934. It received Royal Assent on 24 March 1975, and came into force on 15 December 1975.
It provides the basic corporate governance framework for many small and medium-sized Canadian enterprises as well as many of the largest corporations operating in Canada. Nearly 235,000 companies are incorporated under the CBCA, including over 700 distributing or publicly held corporations. CBCA corporations make up approximately 50 percent of Canada's largest publicly traded business corporations.
- Dickerson, Robert W.V.; Howard, John L.; Getz, Leon (1971). Proposals for a New Business Corporations Law for Canada (PDF). I. Ottawa: Information Canada.
- Dickerson, Robert W.V.; Howard, John L.; Getz, Leon (1971). Proposals for a New Business Corporations Law for Canada (PDF). II. Ottawa: Information Canada.
- Berner, S.H. (1975). "Corporate Law" (PDF). Ottawa Law Review. 7 (1): 152–177.
- Canada Business Corporations Act, S.C. 1974-76, c. 33
- "SI/75-134: Canada Business Corporations Act Proclaimed in Force December 15, 1975". Canada Gazette, Part II. 109 (24): 3359–3360. 24 December 1975.
- "Consultation on the Canada Business Corporations Act" (PDF). Ottawa: Industry Canada. 2014.
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