The Canada Company was a private British land development company that was established to aid in the colonization of a large part of Upper Canada. It was incorporated by royal charter on August 19, 1826,[1] under the (6 Geo. 4. c. 75) of the British parliament,[2] which was given royal assent on June 27, 1825.[3] It was originally formed to acquire and develop Upper Canada's undeveloped clergy reserves and Crown reserves,[2] which the company bought in 1827 for £341,000 ($693,000) from the Province of Upper Canada.
Founded by the Scottish novelist John Galt, who became its first Superintendent, the company was successful in populating an area called the Huron Tract – an enterprise later called "the most important single attempt at settlement in Canadian history".[4]