LIFTING THE CORPORATE VEIL IN CANADA
AbstractThis article examines how the limited liability feature of the incorporated company defines the area of risk for the shareholder. The author assumes that a veil is drawn between the corporate entity and the shareholder in an attempt to insulate the latter from responsibility, and reviews the Canadian decision establishing that this veil is to be maintained. To illustrate opposition to this general position in Canada, he focuses the occasions where the rule was not followed and liability was imposed by statute or the court.
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