Canada Business Corporations Act

The Canada Business Corporations Act (CBCA) is federal legislation that governs the formation, operation, and regulation of corporations in Canada. It lays out the rules for creating a corporation, detailing aspects like shareholder rights, corporate governance, and financial reporting requirements. The Act aims to ensure transparency, fairness, and accountability in corporate activities. It applies to federally incorporated companies and provides a legal framework to protect the interests of shareholders, employees, and the public, while promoting economic growth and competition in Canada’s business environment.