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Historic investment to build modern, new RBCM, safeguard collection

May 13, 2022 1:33 PM
Historic investment to build modern, new RBCM, safeguard collection
A new state-of-the-art and seismically safe Royal BC Museum (RBCM) is coming to Victoria and will be more accessible for all British Columbians.
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Indigenous-led plan for community centre moves forward

May 6, 2022 10:15 AM
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close menu Advanced Education and Skills Training

Indigenous-led plan for community centre moves forward

May 6, 2022 10:15 AM
New centre to support Indigenous youth
A concept plan for a new Indigenous centre is moving forward on the territories of the Coast Salish peoples in Vancouver.
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New gathering place supports Indigenous culture on campus

April 22, 2022 11:15 AM
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close menu Agriculture and Food

New funding sprouts more growth for B.C. seeds

May 5, 2022 8:15 AM
The Province is increasing support for B.C. seed growers to enhance and expand their operations, bolster food security and create a thriving food economy.
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B.C. Land Matching Program reaches new milestone

April 13, 2022 9:15 AM
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close menu Attorney General

Province, mayors co-ordinate investigation into prolific offenders

May 5, 2022 12:50 PM
Making our communities safer
The Province, in co-operation with British Columbia’s Urban Mayors’ Caucus (BCUMC), has hired two experts to investigate and report on prolific offenders and random violent attacks, and the necessary actions.
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New anti-racism data act will help fight systemic racism

May 2, 2022 12:10 PM
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close menu Children and Family Development

Province seeks public input on supports for children, youth

April 20, 2022 11:15 AM
A survey about B.C’s new service approach for children and youth with support needs is now open to the public.
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Simpcw First Nation signs first co-created child welfare agreement in B.C. history

April 12, 2022 12:00 PM
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close menu Citizens' Services

Modernized, streamlined registry makes registering personal property easier

April 15, 2022 8:30 AM
People in B.C. can now register their personal property online with the launch of a new, modernized personal property registry.
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Modernized BC Bid site open for registration, onboarding

April 12, 2022 1:30 PM
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close menu Education and Child Care

Kids, families benefit from more funding for accessible school playgrounds

April 29, 2022 11:15 AM
Kids, families benefit from more funding for accessible school playgrounds
More than 7,000 B.C students will have access to new, safe and accessible playgrounds as the Province invests in the Playground Equipment Program (PEP) for the fifth year in a row to support healthy and active lifestyles.
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Minister’s statement on child care month

May 1, 2022 9:30 AM
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close menu Energy, Mines and Low Carbon Innovation

Low-carbon fuel expansion cuts emissions, creates jobs

May 9, 2022 12:35 PM
Low-carbon fuel expansion cuts emissions, creates jobs
Parkland Corp. has announced an expansion to produce low-carbon fuel at its Burnaby refinery, creating new jobs and economic opportunities for British Columbians, while significantly reducing greenhouse gas emissions.
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Canadian negotiators share latest on Columbia River Treaty

April 28, 2022 11:30 AM
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close menu Environment and Climate Change Strategy

Province seeks public input on industry protections for the environment

April 13, 2022 2:00 PM
Province seeks public input on industry protections for the environment
To protect the environment and avoid costs to British Columbians, the Province is inviting feedback on ways to ensure owners of large industrial projects pay the full cost of environmental clean-up if their projects are abandoned.
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Earth Day spurs action on plastic pollution

April 22, 2022 2:00 PM
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close menu Finance

Budget 2022 moves us forward together to build a StrongerBC

February 22, 2022 1:40 PM
Budget 2022 moves us forward together to build a StrongerBC
Budget 2022 reflects the choices government is making that are needed to build a stronger B.C. and make life better for people, by investing in B.C.’s economic, environmental and social strengths.
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More than $530,000 raised in support of Ukraine

March 22, 2022 8:00 AM
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close menu Forests

B.C. increases forest revenue sharing with First Nations in step toward new fiscal relationship

April 27, 2022 12:45 PM
Photo of trees with icon of hands and trees in white overtop
Text reads: Doubling First Nation forestry revenue rates
British Columbia is more than doubling the forestry revenues that will be shared with First Nations as part of the work to co-develop a new forestry revenue-sharing model.
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Forest employment program provides jobs, supports communities

May 13, 2022 11:35 AM
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Ukrainians fleeing violence get immediate MSP coverage

April 25, 2022 1:30 PM
Ukrainians fleeing violence get immediate MSP coverage
Displaced Ukrainians arriving in B.C. with visas issued under the federal Canada-Ukraine Authorization for Emergency Travel (CUAET) will now have access to date-of-arrival Medical Services Plan (MSP) coverage.
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New primary care centre opens in Chilliwack

May 13, 2022 11:50 AM
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close menu Indigenous Relations and Reconciliation

B.C. increases forest revenue sharing with First Nations in step toward new fiscal relationship

April 27, 2022 12:45 PM
Photo of trees with icon of hands and trees in white overtop
Text reads: Doubling First Nation forestry revenue rates
British Columbia is more than doubling the forestry revenues that will be shared with First Nations as part of the work to co-develop a new forestry revenue-sharing model.
  Read More

B.C., First Nations leadership help communities recover

April 21, 2022 2:00 PM
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close menu Intergovernmental Relations Secretariat

Nominate an exceptional citizen for Province’s highest honour

January 20, 2022 8:00 AM
Nominate an exceptional citizen for Province’s highest honour
Nominations are being accepted for the Order of British Columbia, the Province’s highest honour.
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Outstanding people recognized for service during the pandemic

March 22, 2022 2:30 PM
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close menu Jobs, Economic Recovery and Innovation

B.C. forestry industry to benefit from trade office in Vietnam

April 20, 2022 10:05 AM
B.C. forestry industry to benefit from trade office in Vietnam
A new Forestry Innovation Investment (FII) office in Vietnam will help drive trade opportunities and sustainable jobs in B.C.’s forestry sector while offering greater protection from market volatility and other global challenges.
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People in Merritt will benefit from rural development supports

May 13, 2022 7:45 AM
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close menu Labour

Single-step certification will protect right to join a union

April 6, 2022 1:51 PM
Single-step certification will protect right to join a union
Changes that make collective bargaining more accessible will help protect workers who want more say about workplace safety, compensation and benefits.
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B.C. expands cancer coverage for firefighters

April 22, 2022 12:30 PM
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close menu Land, Water and Resource Stewardship

Watershed restoration creates a healthier future for B.C.

April 21, 2022 11:15 AM
Watershed restoration creates a healthier future for B.C.
An ongoing effort to restore watersheds and wetlands in the province is creating a healthier future for British Columbians by mitigating the impacts of climate change on communities, strengthening ecosystems and securing quality drinking water.
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Northeast economies get $10-million boost

April 11, 2022 1:00 PM
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close menu Mental Health and Addictions

New service helps clarify rights under Mental Health Act

April 28, 2022 10:18 AM
New service helps clarify rights under Mental Health Act
The Province has introduced legislation that will help people experiencing a mental-health crisis better understand their rights and the supports available to them.
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Expanding access to mental-health supports for health-care, social service workers

May 6, 2022 11:00 AM
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close menu Municipal Affairs

Ukrainians fleeing violence get immediate MSP coverage

April 25, 2022 1:30 PM
Ukrainians fleeing violence get immediate MSP coverage
Displaced Ukrainians arriving in B.C. with visas issued under the federal Canada-Ukraine Authorization for Emergency Travel (CUAET) will now have access to date-of-arrival Medical Services Plan (MSP) coverage.
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B.C. government provides more support for newcomers

May 3, 2022 1:45 PM
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close menu Public Safety and Solicitor General

Province, mayors co-ordinate investigation into prolific offenders

May 5, 2022 12:50 PM
Making our communities safer
The Province, in co-operation with British Columbia’s Urban Mayors’ Caucus (BCUMC), has hired two experts to investigate and report on prolific offenders and random violent attacks, and the necessary actions.
  Read More

First Nations, communities benefit from emergency preparedness fund

May 6, 2022 9:00 AM
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close menu Social Development and Poverty Reduction

Funding helps strengthen food security in Greater Victoria

May 12, 2022 1:00 PM
Funding helps strengthen food security in Greater Victoria
Residents with limited income living in Greater Victoria will soon have improved access to local and nutritious food.
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Helping more British Columbians visit the dentist

May 4, 2022 2:00 PM
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close menu Tourism, Arts, Culture and Sport

Historic investment to build modern, new RBCM, safeguard collection

May 13, 2022 1:33 PM
Historic investment to build modern, new RBCM, safeguard collection
A new state-of-the-art and seismically safe Royal BC Museum (RBCM) is coming to Victoria and will be more accessible for all British Columbians.
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Minister’s statement on Vancouver being confirmed as candidate host city for FIFA World Cup 2026

April 14, 2022 9:00 AM
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close menu Transportation and Infrastructure

Province launches Surrey Langley SkyTrain engagement

May 9, 2022 12:00 PM
Province launches Surrey Langley SkyTrain engagement
The public is invited to have their say on the first rapid transit project south of the Fraser River in 30 years.
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New commercial inspection station near Terrace will improve road safety

May 4, 2022 8:00 AM
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Finance

Registration opens for innovative new business model

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Honourable Selina Robinson

Honourable Selina Robinson

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close menu Finance

Budget 2022 moves us forward together to build a StrongerBC

February 22, 2022 1:40 PM
Budget 2022 moves us forward together to build a StrongerBC
Budget 2022 reflects the choices government is making that are needed to build a stronger B.C. and make life better for people, by investing in B.C.’s economic, environmental and social strengths.
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Registration opens for innovative new business model

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Monday, July 29, 2013 10:00 AM

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Monday, July 29, 2013 10:00 AM

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Companies now can register to become a Community Contribution Company (CCC or C3), a new business model for British Columbians who value a balance of social responsibility and profit, Minister of Finance Michael de Jong announced today.

Regulations for the C3 business model are now in effect. Designed to bridge the gap between for-profit businesses and non-profit enterprises, this innovative business model is the first of its kind in Canada.

This new type of hybrid business model responds to an emerging demand for socially focused investment options. C3 status signals that a company has a legal obligation to conduct business for social purposes and not purely for private gain. This obligation will help attract capital not currently accessible to the social enterprise sector by appealing to philanthropic investors who still expect some financial return.

Social enterprises can exist in many business areas and have many different objectives, including health, environmental, cultural or educational. For example, a social enterprise could provide recycling services in a community with the social objective of generating employment in collecting recyclables and applying most of the profits to a local charity.

The regulations were developed in consultation with members of the B.C. Social Innovation Council. Public consultations held in 2010 supported the idea of a new business model like the C3, and the resulting amendments were well-received by the social enterprise community.

Quotes:

Minister of Finance Michael de Jong -

"This new model will unlock new ways to generate meaningful, local employment in B.C. and generate economic wealth for our province by encouraging private investment in B.C.'s social enterprise sector."

"I'm excited to see the positive impacts the C3 model will have on B.C. businesses and communities."

Minister of Social Development and Social Innovation Don McRae -

"Our government is proud to support social innovation. We're doing so by listening to the social enterprise community and responding with a hybrid business model - that combines the traditional benefits of a corporation with a social purpose - such as the one we have today with the Community Contribution Company. I want to thank the social enterprise community for working with us on this exciting step forward in B.C. business."

Executive director for B.C. Centre for Social Enterprise Stacey Corriveau -

"The countdown is on for the launch of the first legal structure designed explicitly for social enterprise. As a hotbed of social enterprise activity, B.C. is an apt province to roll out such an option."

"We expect the C3 model will be attractive to charities operating unrelated businesses and traditional corporations wishing to entrench goals beyond that of maximizing shareholder profits."

Quick Facts:

  • There are two main ways to form a C3:
  • A C3 designation can be chosen at the outset on incorporation of a new company.
  • A pre-existing company can become a C3 by amending its name and constitution to reflect the C3 status. This would require the unanimous consent of the company's shareholders.
  • C3s are based on a model first introduced in the United Kingdom in 2005 (Community Interest Companies or CICs).
  • C3s differ from a typical private company in that they are subject to an "asset lock". There is a strict cap on dividends that can be paid out to shareholders.
  • The bulk of a C3's profits must go toward the C3's community purposes or be retained or transferred to a qualified entity, such as a charity.
  • C3s are subject to a high level of accountability. They must have three directors and are required to publish an annual report describing their activities.

Learn More:

For more information on Community Contribution Companies, please visit: http://www.fin.gov.bc.ca/prs/ccc/

For the amendments to the Business Corporations Act: http://www.leg.bc.ca/39th4th/1st_read/gov23-1.htm

Media Contact:

Jamie Edwardson
Director of Communications
Ministry of Finance
250 356-2821

https://news.gov.bc.ca/04722

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