Mr. Speaker, I am pleased to speak to the report stage of Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act.
Bill C-25 aims to make changes to the corporate governance regime for reporting issuers incorporated under the Canada Business Corporations Act. The CBCA is the incorporating statute for nearly 270,000 corporations. Although most of these are small or medium-sized and privately held, Canada's largest reporting issuers are also governed by the CBCA. Professionals are able to incorporate, and in my previous life as a chiropractor, this option was available to me.
With that said, and in light of how the government conducts discussion and debates, I move:
That the House do now adjourn.