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http://corporationscanada.ic.gc.ca/eic/site/cd-dgc.nsf/eng/cs06643.html#:~:text=The%20CBCA%20also%20imposes%20certain%20specific%20liabilities%20on,well%20as%20for%20any%20unpaid%20source%20deductions.%20
https://www.fasken.com/en/knowledge/doing-business-canada/2021/10/10-directors-officers-liability
https://www.hg.org/legal-articles/liability-of-directors-in-canada-an-excerpt-30293
Liability of corporate directors in Canada, with the exception of the Province of Quebec, arises through both the common law and statutes. Each relevant statute governs corporations incorporated under it. For instance, if incorporation was made pursuant to the CBCA, this statute will govern to the exclusion of provincial Corporations Acts.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/penalties-interest-other-consequences/director-s-liability.html
if a corporation (including for-profit or non-profit) does not deduct, remit, or pay amounts held in trust for the receiver general (canada pension plan, employment insurance, and income tax), the directors of the corporation at the time of the failure are jointly and severally, or solidarily, liable along with the corporation, to pay the amount …
https://www.cwilson.com/directors-and-officers-liability-in-canada/
Published June 2008 Historically, the main responsibility of directors and officers of Canadian companies was to act in the best interests of their company. Accordingly, their main duty was to maximize corporate profits, and the ability to attract personal liability was, to a large extent, minimal.
https://www.ellynlaw.com/app/uploads/2014/08/Liability-of-Directors-in-Canada-%E2%80%93-An-Excerpt.pdf
Liability of corporate directors in Canada, with the exception of the Province of Quebec, arises through both the common law and statutes. Each relevant statute governs corporations incorporated under it.
https://www.legalline.ca/legal-answers/liability-of-directors-officers-and-shareholders/
In addition, directors may be liable to the shareholders or to the corporation, if a loss was suffered by them as a result of the director’s actions. You should be careful if you have been asked to be a director for a corporation, or if you are not involved in the day-to-day business of the corporation in which you are already a director.
http://www.ibc.ca/on/business/risk-management/directors-and-officers-liability
Directors and Officers Liability Risk Management . Directors and officers must ensure they have the appropriate information required to perform their duties effectively. Whether your board of directors is new, established, confronting a scandal, or establishing or amending its by-laws , you can help to manage organizational risk.
https://www.mondaq.com/canada/directors-and-officers/534576/duties-and-liabilities-of-directors-and-officers
In cases where the corporation becomes bankrupt or is involved in liquidation, directors are liable to its employees for up to six months of wages. 37 However, the employee must be cognizant of a number of timelines.
https://www.dlapiper.com/en/canada/insights/publications/2020/08/directors-and-officers-duties-in-canada/
Directors and officers of a corporation are generally protected from personal liability by the “corporate veil.” This means that the corporation is the legal “person” that is held liable, not the individuals tasked with managing and running the corporation.
https://ic.gc.ca/eic/site/cd-dgc.nsf/eng/cs06643.html
The CBCA also imposes certain specific liabilities on directors and officers of a corporation. In certain circumstances, directors are liable for up to six months' worth of unpaid wages to employees of the corporation, as well as for any unpaid …
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