The Canada Company was formed in 1824 and chartered on Aug. 19, 1826. It obtained about 2,500,000 acres (1,000,000 hectares) of land in Upper Canada, for which it made annual payments to the provincial government until 1843. Galt was named secretary and, in 1827, superintendent of the company.
Who owned the Canada company?
Canada Company, brainchild of John GALT, established in late 1824 and chartered in 1825 as a land and COLONIZATION COMPANY in Upper Canada. In 1826 the company purchased from the government about 2.5 million acres (1 million ha) of land for $295 000. Colonial promoter John Galt, painted by E.
Which company is famous in Canada?
The Canada Company was a private chartered British land development company, incorporated by Royal Charter on August 19, 1826, under an act of the British Parliament to aid in the colonization of a large part of Upper Canada.
What was the purpose of the Canada Company?
The first Canadian crown corporation, the Board of Works, was established in 1841. It was tasked with constructing a shipping canal system in the Province of Canada. By 2019, there were 47 crown corporations in operation across the country.