Section 237.1 — Canada Business Corporations Act: Definitions

The definitions in this section apply in this Part. financial interest , with respect to a corporation, includes a security; a title to or an interest in capital, assets, property, profits, earnings or royalties; an option or other interest in, or a subscription to, a security; an agreement under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets; an agreement providing that money received will be repaid or treated as a subscription for shares, units or interests at the option of any person or the corporation; a profit-sharing agreement or certificate; a lease, claim or royalty in oil, natural gas or mining, or an interest in the lease, claim or royalty; an income or annuity contract that is not issued by an insurance company governed by an Act of Parliament or a law of a province; an investment contract; and anything that is prescribed to be a financial interest. ( intérêt financier ) financial loss means a financial loss arising out of an error, omission or misstatement in financial information concerning a corporation that is required under this Act or the regulations. ( perte financière ) third party includes any subsequent party that is joined in proceedings before a court. ( Version anglaise seulement )