Bill C-25 receives Royal Assent – Immediate and future impact

On May 1, 2018, Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act received Royal Assent.

A number of administrative amendments have come into force, resulting in changes in:

The remaining amendments proposed in the bill generally affect distributing corporations and cooperatives, and regulations will be drafted before they can come into force. They include:

Please refer to the Explanatory note on proposed regulatory amendments for additional details.

The regulatory process will include a period of public consultation.  Our clients will be notified through our website.

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