Government of New Brunswick
BusinessCorporationsActReform_category

Thank you for your input, the consultation period is now closed. 

The Business Corporations Act (BCA) provides the legislative framework to create and operate business corporations in the Province. An overall review of this Act has not been done since 1981 when it was enacted. Government is looking to modernize the Act to:

  • reflect current marketplace practices and the digital economy
  • harmonize with similar laws of other Canadian jurisdictions
  • provide an efficient and globally competitive corporate law environment
  • ensure the Province’s corporate and securities law regimes work together.

Legislative requirements for mandatory insurance coverage for Limited Liability Partnerships (LLP) present significant challenges for professionals wanting to form this type of partnership. A more practical approach is being sought.

Government Services is proposing major reform to the BCA and changes to LLP legislation based on extensive stakeholder consultation.

 

We value your input

Proposed reforms are available for review and input. You can submit your input online or by phone, fax or mail as follows:

Email:     BCA-LLPReview@snb.ca

Phone:   (506) 457-3581

Fax:        (506) 453-5384

Mail:       Attn: BCA and LLP Review
               NB Government Services
               Westmorland Place
               82 Westmorland Street
               Fredericton, New Brunswick
               E3B 3L3
               Canada

The deadline for submissions was May 20, 2015.