Canada Cooperatives Act

Canada Cooperatives Act
Parliament of Canada
Long title An Act respecting cooperatives
Citation	S.C. 1998, c. 1
Enacted by	Bill title	C-5
First reading	25 September 1997
Second reading	22 October 1997
Third reading	9 December 1997
Committee report	3rd Report of the Industry Committee
Status: In force

The Canada Cooperatives Act (

Legislative history

The act superseded the

There was some confusion raised in debate about whether the Saskatchewan and Alberta wheat pools were operating as co-operatives while being traded on an exchange, but those questions were unresolved in debate.^[5]

The bill was read for the first time in the Senate on the same day it passed the House of Commons,^[6] and passed second reading with minimal debate on 16 December^[7] and passed 3rd reading without debate after a committee report recommended no changes.^[8]

The House received notice on 31 March 1998, that the Bill received assent from

The Act came into effect on 31 December 1999.[10]

The Act has seen minor amendments, including as part of a general overhaul of corporate legislation under Bill C-25 in 2016.^[11][12]

Statutory details and powers

The Act details responsibilities and powers for the

It established the share structure and definition of a business operating under

The minister has power to create regulations under the act, and a corresponding regulation outlines multiple exercises of this power with regard to restrictions on business names, forms, and the establishment of certain fees to be paid to the government for services rendered to co-ops.^[15]

References

External links

• Canada Cooperatives Act, 1998