To incorporate under the Canada Business Corporations Act is most suitable for

Question

Quizplus · Accepted Answer

The Canada Business Corporations Act is most suitable for large businesses that carry on their activity nation-wide, as it provides a framework for governance, management, reporting, and disclosure requirements for corporations operating in Canada. It is not necessary or relevant for businesses that only receive federal benefits or bring in goods from other provinces. It may also not be necessary for small businesses aiming at an international marketing niche, as they may choose to incorporate under the laws of the province or territory where they are located.

To Incorporate Under the Canada Business Corporations Act Is Most