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Canada Cooperatives Act
The Canada Cooperatives Act (CCA), which came into force December 31, 1999, provides a modern legislative framework for the incorporation of non-financial cooperatives at the federal level. It is modelled on federal acts governing the incorporation of business corporations and cooperatives in the financial field and on best practices adopted at the international level. It gives federally-incorporated cooperatives modern tools to help them prosper and achieve their full growth potential for the benefit of their members, workers and consumers across Canada.
On November 24th, 2001, Bill S-11 brought further changes to the CCA which harmonize its provisions for corporate governance with the amendments to the Canada Business Corporations Act.
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Corporate and Insolvency Law Policy
