How a Canadian carrier program would fit the treaty system

What would Canadian entry into the aircraft-carrier race have meant in the interwar period?

Its ships would count against shared British Empire tonnage rather than give Canada a separate carrier allowance.

A Canadian carrier built during the treaty era would have counted against the British Empire's shared allowance rather than creating extra national tonnage. Canada therefore could not add an independent carrier allocation outside the Commonwealth total. A modern Canadian fleet would also have to consider requirements on both the Atlantic and Pacific coasts. The answer distinguishes formal interwar treaty accounting from the country's continuing two-ocean force-structure problem.