Canada Business Corporations Act

An Essential Guide for Entrepreneurs and Business Owners

What is the Canada Business Corporations Act?

The Canada Business Corporations Act (CBCA) is a federal statute that regulates the incorporation and operation of business corporations in Canada. It provides a framework for the creation, management, and dissolution of corporations, and sets out the rights and responsibilities of shareholders, directors, and officers.

The CBCA is a comprehensive piece of legislation that covers a wide range of topics, including:

• Incorporation and registration
• Share capital and debt financing
• Corporate governance
• Shareholder rights and liabilities
• Director and officer duties
• Winding up and dissolution

Who needs to be familiar with the CBCA?

Any person involved in the incorporation or operation of a business corporation in Canada should be familiar with the CBCA. This includes:

• Entrepreneurs and business owners
• Directors and officers
• Shareholders
• Lawyers and accountants

Where can I find the CBCA?

The full text of the CBCA is available online from the Department of Justice Canada website.

Get Help with the CBCA

If you need help understanding or complying with the CBCA, you can consult with a lawyer or accountant who specializes in corporate law.