Document background
The Memorandum and Articles of Incorporation is the primary constitutional document required when establishing a new corporation in Canada. This document is essential for compliance with either federal legislation (Canada Business Corporations Act) or provincial corporate statutes. It contains crucial information about the corporation's structure, including share capital, director powers, shareholder rights, and governance procedures. The document serves as the foundation for all corporate activities and must be filed with the appropriate government registry (federal or provincial) to formally create the corporation. It establishes the framework for corporate governance and provides certainty to stakeholders about their rights and obligations. The Memorandum and Articles of Incorporation is particularly important as it defines the relationship between the corporation and its shareholders, directors, and officers, and sets the boundaries within which the corporation must operate.
