Many Canadian community chambers and boards of trade are incorporated under the Boards of Trade Act, which is administered by Industry Canada.
For chambers and boards of trade, it is advantageous to incorporate under the Boards of Trade Act to legally protect your chamber’s name and territory.
Also, individual members of your chamber are absolved of liability for the debts of your chamber, provided that annual returns are made in accordance with the provisions of the Boards of Trade Act.
The Canadian Chamber of Commerce has created a guide to help chambers of commerce and boards of trade incorporate under the Boards of Trade Act. The guide outlines the steps necessary for incorporation.
Please contact Jennifer Hagen, (613) 238-4000, ext. 232, if you have any questions regarding incorporation.
Guide to Setting up a Local Chamber or Board of Trade
Certificate of Formation and Memorandum of Agreement
View the Boards of Trade Act at http://laws.justice.gc.ca/en/B-6/index.html
Letter from Minister of Industry Christian Paradis (November 2011)
Letter from Greater Oshawa Chamber of Commerce (February 2012)
Letter from Canadian Chamber in response to GOCC letter (April 2012)
Industry Canada, Canada Corporations Directorate letter (April 2012)
