Canadian Business Corporations Act

The Canadian Business Corporations Act (CBCA) is a federal law that governs the creation and operation of corporations in Canada. It outlines the rules for incorporating businesses, the responsibilities of directors and officers, and the rights of shareholders. The CBCA ensures transparency, accountability, and fair practices within corporations. It covers aspects such as corporate structure, financial reporting, and the process for making important decisions. Essentially, the CBCA provides a legal framework that helps businesses operate smoothly while protecting the interests of stakeholders involved.