Making a change to an existing corporation

Transfer or issue voting shares to a new shareholder

Under section 7-7 of CPSBC Bylaws, a corporation must obtain approval before completing any transfer or issuance of voting shares to an eligible licensee or to a holding company permitted under section 59 of the HPOA that is not already a shareholder.

Apply for approval

The corporation must submit a Join an Existing Health Profession Corporation Permit Application, which:

• constitutes the written notice required under section 7-7(2)(a) of CPSBC Bylaws
• must be completed and submitted prior to the transfer or issuance
• must include all required acknowledgements required under section 7-7(c) of CPSBC Bylaws

The application requires:

• the completed Join an Existing Health Profession Corporation Permit Application
• the acknowledgement required under section 7-7(c) of CPSBC Bylaws executed by each eligible licensee who owns the voting shares of the corporation.

This application may only be submitted by a corporation that holds a valid corporation permit.

Application fee: C$350 per licensee

Join an Existing Health Profession Corporation Permit Application

Name change triggered by voting share issuance or transfer to a new shareholder

If a proposed transfer or issuance of voting shares will cause the corporation’s name to no longer comply with section 7-6 of CPSBC Bylaws, the requirements under section 7-7(3) apply.

Apply for approval

In this situation, the corporation must:

• apply for approval of a new name under section 7-6 of CPSBC Bylaws (using the Name Approval Request Form), and
• provide verification that the name has been changed under the Business Corporations Act (British Columbia), once name approval is granted.

As required under section 7-6(7) of CPSBC Bylaws, approval of a new name may only be granted upon receipt of:

• a completed corporation permit application in the specified form (incorporated within the Join Application)
• the applicable fee(s) under schedule D
• any additional information or records the corporation is directed or ordered to provide

The Join an Existing Health Profession Corporation Application includes a dedicated section for reporting and completing any required name change.

Application fee: C$350 per licensee
Annual permit fee: C$135
Expiry: one fiscal year

Name Approval Request Form

Join an Existing Health Profession Corporation Application

Name change

An application is required when an existing corporation seeks to vary its permit for the purpose of changing its name in accordance with section 7-8 of CPSBC Bylaws.

Situations requiring a permit variation include, but are not limited to:

• a change to the legal name of a voting shareholder that requires updating the corporation’s name (for example, change of surname)
• the removal of a voting shareholder whose name appears in the corporation’s name
• any circumstance requiring the corporation’s name to be updated to remain compliant with section 7-6 of the CPSBC Bylaws

Apply for approval

A name change cannot take effect until CPSBC has approved the new name and the corporation provides verification to the registrar that the name has been changed under the Business Corporations Act (British Columbia).

Application fee: C$350 per licensee
Annual permit fee: C$135
Expiry: one fiscal year

Name Approval Request Form

Variation of Health Profession Corporation Permit Application