|
BDC is a Crown Corporation dedicated to providing financial and consulting solutions that meet the needs of small and medium-sized businesses.
Learn more on BDC's governing principles and adherance to its mandate:
 Business Development Bank of Canada legislation (1995)
Review of the Business Development Bank of Canada
Special examination report -2004
Official languages
Business Development Bank of Canada legislation (1995)
In July of 1995, BDC's legislation was updated and renewed by the federal government. At the same time, the Bank was given a revised mandate. Both of these measures have positioned the Bank to better serve the needs of today's small and medium-sized businesses.
BDC's raison d'être is to respond to the highly diverse and specialized needs of Canada's entrepreneurs while ensuring cost-effective delivery of services. From this perspective, 3 changes in the Act (the Business Development Bank of Canada Act, passed in July 1995) are particularly important:
|
|
BDC's $3.2 billion lending ceiling, which had been reached, was significantly increased. |
|
|
BDC was given a new capital structure to source new capital from both the public and private sectors. This provides an avenue for creating more available financing for Canadian entrepreneurs. |
|
|
BDC's role was redefined. The Bank is no longer "the lender of last resort". It is now legislated to fulfil a role complementary to other commercial financial institutions. |
The new Act gives BDC the opportunity to support the unique needs of Canadian entrepreneurs in rapidly-changing, technology-intensive sectors and other high-growth sectors. With this in mind, BDC renewed and refocussed its mandate:
|
|
BDC will strive to be more visible and accessible as it continues to develop innovative, high-quality financial and consulting services for Canada's small businesses. |
|
|
BDC will increase its financing of small and medium-sized businesses operating in knowledge-based, growth-oriented industries and export markets. |
|
|
BDC will increase its activity in smaller loans and investments. |
|
|
BDC will develop strategic alliances with other supporters of small business to reach out to more enterprises from coast to coast, including First Nations businesses. |
Learn more about our history.
Review of the Business Development Bank of Canada
On June 20, 2001, the Honourable Brian Tobin, Minister of Industry, tabled the document Supporting Small Business Innovation: Review of the Business Development Bank of Canada . The report follows through on the commitment of the BDC to enable legislation (1995) to conduct a review of the provisions and operations of the Business Development Bank of Canada Act five years after its coming into force, and to report within one year.
Two supporting research reports are available: the Angus Reid Group report Financing Services to Canadian Small and Medium-Sized Enterprises and the SECOR report Recent Developments in SME Debt Financing: The Supply Side .
Special examination report -2004
Under Part X of the Financial Administration Act, BDC is required to maintain:
|
|
financial and management control and information systems and management practices that provide reasonable assurance that its assets are safeguarded and controlled; |
|
|
its financial, human, and physical resources are managed economically and efficiently; |
|
|
and its operations are carried out effectively. | The Financial Administration Act also requires the BDC to have a special examination of these systems and practices carried out at least once every five years.
View the Special examination report - 2004 . You will need Adobe Acrobat Reader to view this file.
Official languages
BDC is required to submit an action plan and a status report to support the enhancement of the vitality of the official language minority communities.
View these documents:
Official Languages Action Plan 2007-2010
Status Report 2006-2007
You will need Adobe Acrobat Reader to view these files.
|
