Insolvency law of Canada

The Parliament of Canada has exclusive jurisdiction to regulate matters relating to bankruptcy and insolvency, by virtue of Section 91(2) of the Constitution Act, 1867.

Provincial legislation under the property and civil rights power of the Constitution Act, 1867 regulates the resolution of financial difficulties that occur before the onset of insolvency.

Notable legislation is in effect for governing: The Office of the Superintendent of Bankruptcy is charged with the administration of the BIA and the CCAA.

[14] All records relating to matters under those Acts are accessible at their website.

[15] The Office also licenses insolvency trustees (LITs), who are authorized to: