Canada: Directors and Officers

The British Columbia Court of Appeal has ruled that directors and officers can face personal criminal liability for environmental offences committed by their corporations based on control rather than knowledge.

As the restructuring landscape evolves, Canadian courts continue to balance both the Companies’ Creditors Arrangement Act (“CCAA”) and associated federal taxing statutes. Two Alberta decisions; Freedom Cannabis Inc. (Re), 2025 ABKB 272 (“Freedom Cannabis”) and Delta 9 Cannabis Inc. (Re), 2025 ABKB 52 (“Delta 9”), illustrate the carful balance that exists between two of these governing federal statues.

The Court of Appeal for Ontario has reaffirmed the high threshold for “piercing the corporate veil,” while clarifying that wrongful conduct need not occur at incorporation nor relate to a directing mind’s corporate...

La Cour d'appel de l'Ontario établit un nouveau précédent en matière de responsabilité personnelle des administrateurs et dirigeants, reconnaissant que la fraude civile peut constituer un fondement autonome de responsabilité...

The business corporations acts confer a clear right on shareholders to receive audited financial statements annually, unless they have expressly waived this right.

In a recent decision, the Court of Appeal for Ontario confirmed that the civil fraud of a corporate director or officer can lead to personal liability, even without having to pierce the corporate veil...

A corporation, for both general and tax purposes, is recognized as a separate legal entity from its shareholders, unlike a partnership or a sole proprietorship.

Le 9 avril 2026, l’Autorité des marchés financiers (l’« AMF ») a publié des projets de règlements (les « projets de règlements ») conformément à la Loi sur la distribution de produits et services...

Shareholder meetings may often appear to be a routine corporate affair, but they are the foundation of shareholder democracy. When a director election becomes contested, the manner in which a company administers...