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Boards of Trade Act

Many Canadian community chambers and boards of trade are incorporated under the Boards of Trade Act, which is administered by Industry Canada.

For chambers and boards of trade, registration under the Boards of Trade Act means a geographic territory is registered and associated with the chamber, provided the territory is not already registered with another chamber. To be registered under the Boards of Trade Act, a chamber of commerce must represent the interests of all businesses—i.e. not solely the interests of a particular sector or cultural group—that operate within its region. The name of the chamber of commerce will also be registered under the act.

Through the act’s provisions, individual members of a chamber of commerce are absolved of liability for the debts of the chamber, provided annual returns are made in accordance with the provisions of the Boards of Trade Act.

The Canadian Chamber of Commerce has created a guide to help chambers of commerce and boards of trade incorporate under the Boards of Trade Act. The guide outlines the steps necessary for incorporation.

 

Consult the Boards of Trade Act.

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