As the Minister indicated, the purpose of the bill is to modernize the act. In so far as possible, there has been attempt to maintain some level of consistency among federal corporate statutes.
In this respect, I have borrowed the approach contained in the Canada Corporations Act. Consequently, the aim is to simply give companies an opportunity to incorporate federally without necessarily displacing or moving in on provincial areas of jurisdiction. That does not prevent anyone from deciding to incorporate provincially, if they so desire. By modernizing the act the desire was to simply create a system which gave people a choice between the two options. And that is consistent with what you find in all other federal corporate acts, and in no way does it alter or encroach on jurisdiction.