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Export Development Canada
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- The BDC's governing legislation, the Business Development Bank of Canada Act (BDC Act), outlines the powers and limitations with regards to financing, investing, and advisory services.
ised-isde.canada.ca/site/bdc-review/en/consultation-paper-business-development-bank-canada-legislative-review
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Business Development Bank of Canada Act. 1 - Short Title. 2 - Interpretation. 3 - Establishment and Organization of the Bank. 3 - Status of the Bank. 4 - Purpose. 5 - Board of Directors. 8 - Officers and Employees. 13 - Remuneration and Benefits.
- Business Development Bank of Canada Act
Purpose of Bank. 4 (1) The purpose of the Bank is to support...
- Business Development Bank of Canada Act
Reflecting input received from Canadians across the country, including from industry, the not-for-profit sector, businesses, and other stakeholders, this report evaluates the provisions and operations of the Business Development Bank of Canada Act between 2010 and 2022.
- Business Development Bank of Canada Act
- Legislative Review 2010–2022
- Financial Administration Act
- Fighting Against Forced Labour and Child Labour in Supply Chains Act
BDC is governed by the Business Development Bank of Canada Act which came into effect in 1995, superseding the Federal Business Development Bank Act. It stipulates that the Act be reviewed five years after coming into force, and every ten years afterwards. The last legislative review was completed in December 2014with a few amendments made to the A...
Under the leadership of BDC’s Designated Minister, the review evaluates the provisions and operations of the BDC Actand examines how BDC’s mandate has changed and could evolve to support the needs of SMEs across Canada over the coming decade. The Minister of Small Business tabled her report on the Legislative Review of BDC on November 29, 2023. The...
Under Part X of the Financial Administration Act, BDC is required to: 1. Maintain financial and management control and information systems and management practices that provide reasonable assurance that its assets are safeguarded and controlled. 2. Ensure that its financial, human, and physical resources are managed economically and efficiently. 3....
Under the Fighting Against Forced Labour and Child Labour in Supply Chain Act , BDC is required to report annually on measures taken to prevent, and reduce the risk of forced labour or child labour in its supply chains. For more information, view the Annual Report on Fighting Against Forced Labour and Child Labour for Fiscal 2024.
Purpose of Bank. 4 (1) The purpose of the Bank is to support Canadian entrepreneurship by providing financial and management services and by issuing securities or otherwise raising funds or capital in support of those services. Marginal note: Consideration to small and medium-sized enterprises.
In 1995, the Business Development Bank of Canada Act was passed, leading to a new name and mission for the bank. It mandated BDC to promote entrepreneurship , focusing on the needs of small and medium-sized enterprises (SMEs), to fill gaps in the market and maximize financing alternatives for businesses by offering services that were ...
The BDC is governed by the Business Development Bank of Canada Act (BDC Act), and operates at arm's length from the Government of Canada. The BDC is governed by an independent Board of Directors, and reports to Parliament through its Designated Minister, currently the Minister of Small Business.
"The Business Development Bank of Canada (BDC) is a financial Crown corporation wholly-owned by the Government of Canada that provides support to small and medium-sized enterprises (SMEs) and entrepreneurs.
