Canadian Business and Corporate Affairs refers to the regulatory framework and practices governing businesses in Canada. This includes the formation, operation, and dissolution of companies, as well as compliance with federal and provincial laws. Key organizations, such as Innovation, Science and Economic Development Canada, oversee these regulations to ensure fair competition and consumer protection. In Canada, businesses can be structured as sole proprietorships, partnerships, or corporations. Each structure has different legal implications and tax responsibilities. The Canada Business Corporations Act provides guidelines for corporate governance, while various provincial laws address specific business needs and requirements.