Bank Act Printing Format:Stretched Canvas It contains mechanisms for debtors

It contains mechanisms for debtors to make proposals to their creditors for the adjustment of debts

c B-3 is one of a few federal Acts which regulate the law of bankruptcy and insolvency in Canada

All Canadians have to pay tax

The Act is probably the lengthiest and most complicated piece of legislation in Canada

The nature of the Act within Canada's legal framework governing insolvency was described by the Supreme Court of Canada in Century Services Inc v Canada (Attorney General)

Bank Act Printing Format:Stretched Canvas It contains mechanisms for debtorsThe Bank Act, SC 1991, c 46, is an act of Parliament which deals with banks and banking. The Act groups banks in three schedules. Schedule I banks are domestic banks allowed to accept deposits. Schedule II banks are subsidiaries of foreign banks that allowed to accept deposits through branches in Canada. Schedule III banks are foreign banks with certain restrictions upon the banking business they can conduct in Canada. Framing options are not