Recent Changes To Licensing Policy For The Atlantic Canada Inshore Fishery

Effective April 1, 2011, the Government of Canada Department of Fisheries and Oceans (DFO) instituted a change in its licensing policy for Atlantic Canada's inshore fishery. Eligible licence holders may now voluntarily apply to have some or all of their licences re-issued to a wholly-owned company. A wholly-owned company is defined as a private Canadian corporation where all the voting and nonvoting shares are issued to one individual (in this case, the current licence holder).

To transfer an eligible licence to a wholly-owned company the transfer request must be made in writing, and must include the following:

• A copy of the Certificate of Incorporation of the company which shows the company's registration number and its official name;