What is a community contribution company?
In 2012, amendments were made to the BC Business Corporations Act, which, among other things, legislated the first hybrid social enterprise structure in Canada: the Community Contribution Company… or C3 for short.
The option has been available in BC since July 2013.
As of summer 2019, 50 C3’s have been incorporated.
In 2016, Bridget Horel, as part of her MBA research at Cape Breton University, undertook an extensive survey of some of the pioneering C3’s. Her illuminating summary of research findings can be found here: C3_Research_Summary 2016. The document also includes a listing of the C3’s that had incorporated by the end of 2015.
Information on the steps required to incorporate a C3 is available on this BC Ministry of Finance webpage.
To view a Globe and Mail article on the topic,