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Corporations Canada Presentation CRF 2009

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Presentation by Corporations Canada (Harmony and Synergy in Canada)

Presentation by Corporations Canada (Harmony and Synergy in Canada)

Published in: Business

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  • 1. Harmony and Synergy in Canada Richard Shaw Director General Corporations Canada April 2, 2009
  • 2. Background
    • A unique tapestry
    • The Canada Constitution Act,
    • The Federal authority vs the Provincial and Territorial authority .
    • Regulating businesses
  • 3. The Canadian Landscape
    • In Canada, corporate statutes are administered by both the federal and provincial/territorial governments. In total, there are 14 jurisdictions in Canada.
    • Some of the differences between incorporating a business federally vs. provincially include:
    • - Name granting protection
    • - Annual return filings
    • - On-line 24/7 services
    • - Electronic meetings
    • - Off-shore Minute Books
  • 4. Legislation
    • Corporations Canada,
    • - Canada Business Corporations Act
    • - Canada Corporations Act (Not-for-profit)
    • Each of the other thirteen jurisdictions have similar legislative basis, although the statutes are not identical:
      • Letters Patent
      • Memorandum of Association
      • Articles of Incorporation
  • 5. Legislation (continued)
    • .
    • When deciding to incorporate, there is a choice between incorporating federally or provincially/territorially.
    • This choice is made based on a number of factors:
      • the specific legislative requirements of the jurisdictions;
      • the location of the registered office;
      • the number and residency of directors;
      • the cost of the services provided by the registrar
    .
  • 6. Percentages of New Corporations
  • 7. Jurisdictional Analysis
  • 8. CACLA
    • Canadian Association of Corporate Law Administrators.
    • Meets once a year to discuss topics of
    • mutual interest and concern.
    • Some CACLA members are also associated with the CRF (three attended some sessions of the CRF’s Vancouver 2008 conference as observers).
    • Registrars’ Corner
  • 9. Facing the Future
    • A new NFP Legislation.
    • Review of the CBCA.
    • New Item System to be released mid-April.
    • TILMA a source of inspiration!
    • Economic Slowdown
    • Building Bridges
  • 10. Questions?
  • 11.