Updated policies on corrections of articles or a certificate for business and not-for-profit corporations

Corporations Canada has updated its policies on corrections for corporations governed by the Canada Business Corporations Act and the Canada Not-for-profit Corporations Act.

The revisions streamline and improve the process of requesting corrections of articles or a certificate, and consist of the following:

  • New templates for submitting a request for correction are simpler and now include model statements that the applicant may select or tailor to their specific circumstances, as well as a declaration to be signed. A statement explaining the error and a statutory declaration are no longer required.
  • When the error is obvious, the professional representative of the business or not-for-profit corporation can sign the declaration.
  • The policy language is simpler and the policy includes examples to explain what is meant by an obvious error, a non-obvious error and an error attributable to Corporations Canada.

The requirements to allow for a correction have not changed. To be approved, the correction must reflect the original intent and may not prejudice shareholders, members or creditors.

Policies on corrections of articles or a certificate

Policy on corrections of articles or a certificate – Canada Business Corporations Act
Policy on corrections of articles or a certificate – Canada Not-for-profit Corporations Act

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