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Show the members the figures
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Manitoba stands fully covered: its own filings and guidance stand in the books beside the federal ones.
The directors approve the statements, and the members see them at the annual meeting — including what directors were paid.
The directors place the year’s comparative financial statements before the members at every annual meeting, approved and signed first. A corporation that has not offered its securities to the public furnishes a member a copy on demand, and its members may resolve — unanimously — not to appoint an auditor. Statements go out only approved and signed, and accompanied by the report of the auditor, if any. Binds: Manitoba corporations under The Corporations Act.
The law’s own words
“The directors of a corporation shall approve the financial statements referred to in subsection 149(1) and the approval shall be evidenced by the signature of one or more directors.”
The Corporations Act (Manitoba), s. 152(1) · Read it at Manitoba · Verified 2026-11-11
“A corporation shall not issue, publish or circulate copies of the financial statements referred to in subsection 149(1) unless the financial statements are (a) approved and signed in accordance with subsection (1); and (b) accompanied by the report of the auditor of the corporation, if any.”
The Corporations Act (Manitoba), s. 152(2) · Read it at Manitoba · Verified 2026-11-11
“A corporation that has not made a distribution to the public shall, upon demand being made therefor by a shareholder, furnish the shareholder with a copy of the documents referred to in subsection 149(1).”
The Corporations Act (Manitoba), s. 153(2) · Read it at Manitoba · Verified 2026-11-11
“The shareholders of a corporation that is not required to comply with section 154, may resolve not to appoint an auditor.”
The Corporations Act (Manitoba), s. 157(1) · Read it at Manitoba · Verified 2026-11-11
“A resolution under subsection (1) is not valid unless it is consented to by all the shareholders, including shareholders not otherwise entitled to vote.”
The Corporations Act (Manitoba), s. 157(3) · Read it at Manitoba · Verified 2026-11-11
The Corporations Act (Manitoba), sections 152 and 153
“The directors of a corporation shall approve the financial statements referred to in subsection 149(1) and the approval shall be evidenced by the signature of one or more directors.” “A corporation that has not made a distribution to the public shall, upon demand being made therefor by a shareholder, furnish the shareholder with a copy of the documents referred to in subsection 149(1).”
Source: Manitoba Laws — The Corporations Act, CCSM c C225, ss. 152, 153 · Checked 2026-11-11
The Corporations Act (Manitoba), section 157
“The shareholders of a corporation that is not required to comply with section 154, may resolve not to appoint an auditor.” “A resolution under subsection (1) is not valid unless it is consented to by all the shareholders, including shareholders not otherwise entitled to vote.”
Source: Manitoba Laws — The Corporations Act, CCSM c C225, s. 157 · Checked 2026-11-11
The directors call the annual meeting on the Act’s clock, and notice goes out on the Act’s clock too — to each shareholder entitled to vote, each director and the auditor. For a corporation without share capital, the members stand in the shareholders’ place, and each member of each class has one vote unless the articles or by-laws provide otherwise for that class. Binds: Manitoba corporations under The Corporations Act.
The law’s own words
“The directors of a corporation (a) shall call an annual meeting of shareholders not later than 18 months after the corporation comes into existence, and subsequently not later than 15 months after holding each preceding annual meeting; and (b) may at any time call a special meeting of shareholders.”
The Corporations Act (Manitoba), s. 127 · Read it at Manitoba · Verified 2026-11-11
“Notice of the time and place of a meeting of shareholders shall be sent not less than 21 days nor more than 50 days before the meeting, (a) to each shareholder entitled to vote at the meeting; (b) to each director; and (c) to the auditor of the corporation.”
The Corporations Act (Manitoba), s. 129(1) · Read it at Manitoba · Verified 2026-11-11
“Subject to subsection (2), each member of each class of members has one vote.”
The Corporations Act (Manitoba), s. 273(1) · Read it at Manitoba · Verified 2026-11-11
The Corporations Act (Manitoba), sections 127 and 273
“The directors of a corporation (a) shall call an annual meeting of shareholders not later than 18 months after the corporation comes into existence, and subsequently not later than 15 months after holding each preceding annual meeting” “Subject to subsection (2), each member of each class of members has one vote.”
Source: Manitoba Laws — The Corporations Act, CCSM c C225, ss. 127, 273 · Checked 2026-11-11