Canada Business Corporations Act
November 5, 2019 Occasional Contributors Accounting Systems and Controls, Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Leadership and Management, Records Management and Retention,
Beginning on a date to be announced, privately-held B.C. Business Corporations Act (“BCA”) companies will be required to maintain a “transparency register” of “significant individuals”, being individuals who:
BC transparency register, Business Corporations Act, Canada Business Corporations Act, Code of ethics, individuals with significant control ISCs, ISC register, transparency
October 23, 2019 Occasional Contributors Business and Legal Issues, Corporate Administration, Finance and Accounting, Leadership and Management, Payroll and Personnel Management,
Effective January 1, 2020, corporations governed by the Canada Business Corporations Act (CBCA) with publicly traded securities will be required to provide shareholders with information on the corporation’s policies and practices related to diversity on the board of directors and within senior management, including the number and percentage of members of the board and of senior management who are women, Aboriginal persons, members of visible minorities and persons with disabilities.
Canada Business Corporations Act, diversity, Diversity disclosure, diversity disclosure requirements
May 23, 2019 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Leadership and Management,
As a result of recently passed amendments to the federal Canada Business Corporations Act (CBCA), corporations incorporated under that statute will soon be required to maintain a register of individuals with “significant control” over the corporation (an ISC Register).
Canada Business Corporations Act, corporate responsibility, individuals with significant control ISCs, ISC register, tracking and recording of ISCs
April 30, 2019 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Leadership and Management,
On December 13, 2018, Bill C-86 received royal assent. This Bill contains a series of amendments to the CBCA pertaining to the tracking and recording of “individuals with significant control” (“ISCs”) over a corporation.
Canada Business Corporations Act, corporate responsibility, individuals with significant control ISCs, ISC register, tracking and recording of ISCs
July 20, 2017 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Leadership and Management
The general principles articulated by the Supreme Court may help guide directors and counsel in considering whether corporate conduct could lead to personal liability in future cases.
Canada Business Corporations Act, corporate conduct, directors, liability, liability of directors, oppression cases, personal liability, risk, shareholders
January 13, 2017 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Leadership and Management
On September 28, 2016, the Canadian federal government introduced Bill C–25: An Act to amend the Canada Business Corporations Act et al. The proposed amendments are the culmination of the first substantive review of the Canada Business Corporations Act in 15 years and are the result of a consultation process initiated in 2013. The stated objectives of the proposed amendments are to, among other things…
Annual director elections, Bill C–25, Bill C–25: An Act to amend the Canada Business Corporations Act et al., Canada Business Corporations Act, CBCA, CBCA corporations, corporate governance, Diversity disclosure, Majority Vote Standard for Director Elections, No slate elections, notice and access
August 19, 2015 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Government Budget, Throne Speech and Plans, Income Tax Planning / Tax Schedules / Remittances
On July 9, 2015, an expert panel convened by the Ontario Ministry of Government and Consumer Services (MGCS) released their final report (the Expert Report) containing many broad recommendations on how to modernize Ontario’s increasingly outdated business legislation. The Expert Report dealt with laws relating to corporations, partnerships, secured lending and other commercial activities. Taken […]
Business law, Canada Business Corporations Act, Commerce, commercial activities, corporate and commercial law, Corporate law, Director liability, foreign companies looking to incorporate a subsidiary in Canada, incorporations, Limited Liability Partnerships, Ontario Ministry of Government and Consumer Services, resident Canadian directors, the Canadian market, Unlimited Liability Corporations
July 21, 2014 Adam Gorley Accounting Systems and Controls, Budgeting and Auditing, Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Fraud and Corruption, Income Tax Planning / Tax Schedules / Remittances, Intellectual Property, IP, Records Management and Retention
Industry Canada sought public input on the state and future of Canada’s insolvency legislation through early 2014. Interested parties can review the issues in the agency’s discussion paper on the statutory review of the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act.
assets, bankruptcy, Bankruptcy and Insolvency Act, Canada Business Corporations Act, CCAA prodeedings, commercial insolvency, Companies' Creditors Arrangement Act, competing interests, copyright, Industry Canada, insolvency, insolvency legislation, IP rights, patented items, restructuring, transparency
January 20, 2014 Adam Gorley Corporate Governance, Finance and Accounting
The Canada Business Corporations Act (CBCA) last underwent significant change in 2001, and Industry Canada believes conditions have changed enough since then that it’s time for another review. The department is accepting input until March 11, 2014, on the following topics…
accountability, arrangements, beneficial owners of shares, board accountability, board diversity, Canada Business Corporations Act, CBCA, consolidation of shares, corporate social responsibility, corporate transparency, CSR, dissolved corporations, diversity, executive compensation, going-private transactions, incorporation structure, Industry Canada, legal compliance, non-distributing corporations, property vested in the Crown, proxies, proxy circular, revival of dissolved corporations, rights of registered shareholders, securities, securities transfers, shareholder and board communication, shareholder rights, shareholder threshold, shareholder voting, shareholders' right of dissent, socially responsible enterprises, soliciting proxies, squeeze-out transaction, threshold exception, transparency