Identity area
Type of entity
Corporate body
Authorized form of name
Canada Company
Parallel form(s) of name
Standardized form(s) of name according to other rules
Other form(s) of name
Identifiers for corporate bodies
Description area
Dates of existence
History
The Canada Company which was created by John Galt, was established in late 1824, and incorporated by the British Parliament on July 27, 1825. The purpose of the Company was to obtain land in Upper Canada and to promote the sale of such land to prospective settlers. In 1826 the Company purchased 2.5 million acres (1 million hectares) from the government for $295 000. Approximately half of the land lay within the Huron Tract and the rest of the land consisted of scattered crown reserves. The company was dissolved on December 18, 1953.