1. To have copyright means to have the sole right to produce, copy, publish, adapt, or distribute your work (3).
2. Copyright lasts for the life of the author, and then to the end of the 50th calendar year after that (6).
3. Infringement (quoted directly from the Act - section 27):
1) It is an infringement of copyright for any person to do, without the consent of the owner of the copyright, anything that by this Act only the owner of the copyright has the right to do.
(2) It is an infringement of copyright for any person to
(a) sell or rent out,
(b) distribute to such an extent as to affect prejudicially the owner of the copyright,
(c) by way of trade distribute, expose or offer for sale or rental, or exhibit in public,
(d) possess for the purpose of doing anything referred to in paragraphs (a) to (c), or
(e) import into Canada for the purpose of doing anything referred to in paragraphs (a) to (c),
a copy of a work, sound recording or fixation of a performer’s performance or of a communication signal that the person knows or should have known infringes copyright or would infringe copyright if it had been made in Canada by the person who made it.
4. Fair Dealing. You can use a work for research or private study, criticism or review, or news reporting. Educational institutions may copy for instruction or examinations, except where a work is commercially available in a format suited to that purpose. Schools may perform a work, but if it is recorded, must pay royalties after one year, or destroy the recording (29).
5. Electronics. Computer programs may be copied or adapted for single use. They may make only one copy (30.6).
6. Music and schools. Schools and religious or charitable organizations may perform a work in public, play a recording in public, or play a communication signal carrying either of the two without penalty (32.2).
7. Criminal remedies. It is an offence to sell or rent an infringing copy, or to distribute an infringing copy (42).
8. Private copying. As long as you do not sell or rent or distribute, persons may copy entire works onto an audio recording medium (80). Authors, makers, and performers have the right to payment from makers of blank audio recording media (81).
As a reward for making it through the legalese, here is a Reebok ad from a while ago that you might not remember.
There is a lot more in there, but these seemed to be the important parts. It's really hard to talk about copyright when you have no idea what the law actually says, I think. When we were speaking in class about this, I got the impression that our knowledge of the law came from hearsay and not fact (especially from myself), so I have gone to the source here.