With passage into law on March 24, 1975, of the Canada Business Corporations Act (CBCA) it is probably safe to say by way of provocative introduction that Canada has enacted the most modern corporation law in the English-speaking world. The Act is to be proclaimed in force at the end of December, 1975. Although the predecessor statute, the Canada Corporations Act, will remain in force, no new corporations may be incorporated under it.
Robert W.V. Dickerson and David L. Vaughan,
The Canada Business Corporations Act: Some Aspects of Transnational Interest,
8 Vanderbilt Law Review
Available at: https://scholarship.law.vanderbilt.edu/vjtl/vol8/iss4/1