Currently, under both the Canada Cooperatives Act and the Canada Business Corporations Act, there are these positions of both director and deputy director. The people already exist. The heads of Corporations Canada are just that: they're government officials who have been put in place to administer the act. It is anticipated that under this act it will be folded into the other two acts. It will be one office that is administering it, and the director and deputy directors, because there are two at the moment, under this act will be the same as under the other two.
On March 5th, 2009. See this statement in context.