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Table of Contents. 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.
- Business Development Bank of Canada Act
Establishment and Organization of the Bank Status of the...
- Business Development Bank of Canada Act
- 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.
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.
The purpose of the legislative review is to evaluate the provisions and operations of the BDC Act and examine how the mandate of the BDC has evolved and might continue to evolve to support Canadian entrepreneurs and SMEs over the coming decade.
Nov 29, 2023 · Today, the Honourable Rechie Valdez, Minister of Small Business, tabled in Parliament a report by Innovation, Science and Economic Development Canada on the statutory review of the Business Development Bank of Canada Act (BDC Act).
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 ...
Nov 29, 2022 · The BDC Act requires that the Minister of International Trade, Export Promotion, Small Business and Economic Development, together with the Minister of Finance, conduct a legislative review of the BDC Act every 10 years.
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