New online service – Letter of Satisfaction
As of July 5, 2016, registered intermediaries will be able to request a Letter of Satisfaction online ̶ one of the steps involved in continuing a federal corporation into another jurisdiction. In the case of a pre-approved statute, the request will be processed automatically and the Letter of Satisfaction will be issued through the online system.
Letters of Satisfaction issued by Corporations Canada following requests submitted online or on paper, under the Canadian Business Corporations Act (CBCA) and the Canada Not-for-profit Corporations Act (NFP Act), will indicate the name of the jurisdiction as well as the title of the importing legislation. Letters of Satisfaction issued before this change will remain valid.
It should be noted that in addition to this new service, two policies were reviewed and modified and, will be published on July 5: the policies on continuance (export) under both the CBCA and the NFP Act. To learn more about these changes, see the Policy on continuance (export) for federal business corporations and the Policy on continuance (export) for not-for-profit corporations.
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