Was the traditional English term to refer to the entity created under English registration model statutes, and it is still used in the UK Companies Act 2006. Following the English practice, “company” was used in early Canadian legislation and is still the proper term in two provinces: Nova Scotia and Prince Edward Island. Under the CBCA and in the provinces and territories with corporate legislation modelled after it, “corporation” is the proper term. Nevertheless, even in reference to entities incorporated in these jurisdictions, “company” is still used colloquially. “Company” is also used colloquially to refer to a collection of people engaged in any common activity.