The Canada Business Corporations Act (CBCA) is a federal law that governs the incorporation and operation of businesses in Canada. It provides a legal framework for the formation, organization, and management of corporations, ensuring that they operate fairly and transparently. The CBCA outlines the rights and responsibilities of shareholders, directors, and officers, promoting good governance practices. Under the CBCA, corporations must adhere to specific regulations, including filing annual returns and maintaining proper records. The Act also addresses issues such as corporate finance, shareholder meetings, and the dissolution of corporations, helping to protect the interests of all stakeholders involved.