UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 SCHEDULE 13G/ A

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)*

                           CHC HELICOPTER CORPORATION
                                (Name of Issuer)

                           COMMON STOCK (NO PAR VALUE)
                         (Title of Class of Securities)

                                    12541C203
                                 (CUSIP Number)

                                DECEMBER 31, 2007
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[X]  Rule 13d-1(b)

[ ]  Rule 13d-1(c)

[ ]  Rule 13d-1(d)

*    The remainder of this cover page shall be filled out for a reporting
     person's initial filing on this form with respect to the subject class of
     securities, and for any subsequent amendment containing information which
     would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



CUSIP No. 12541C203

- --------------------------------------------------------------------------------
1.   Names of Reporting Persons.

     I.R.S. Identification Nos. of above persons (entities only).
     GUARDIAN CAPITAL LP
- --------------------------------------------------------------------------------
2.   Check the Appropriate Box if a Member of a Group (See Instructions)

     (a)  [ ]
     (b)  [ ]
- --------------------------------------------------------------------------------
3.   SEC Use Only

- --------------------------------------------------------------------------------
4.   Citizenship or Place of Organization
     CANADA
- --------------------------------------------------------------------------------
                 5.   Sole Voting Power
                      1,575,360
   Number of     ---------------------------------------------------------------
    Shares       6.   Shared Voting Power
 Beneficially         -0-
   Owned by      ---------------------------------------------------------------
Each Reporting   7.   Sole Dispositive Power
  Person With         1,575,360
                 ---------------------------------------------------------------
                 8.   Shared Dispositive Power
                      -0-
- --------------------------------------------------------------------------------
9.   Aggregate Amount Beneficially Owned by Each Reporting Person
     1,575,360
- --------------------------------------------------------------------------------
10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
     Instructions)

- --------------------------------------------------------------------------------
11.  Percent of Class Represented by Amount in Row (9)
     3.9%
- --------------------------------------------------------------------------------
12.  Type of Reporting Person (See Instructions)
     IA
- --------------------------------------------------------------------------------

Item 1.

        (a)  Name of Issuer

             CHC HELICOPTER CORPORATION



        (b)  Address of Issuer's Principal Executive Offices

             4740 AGAR DRIVE, RICHMOND, BRITISH COLUMBIA V7B 1A3

Item 2.

        (a)  Name of Person Filing

             GUARDIAN CAPITAL LP

        (b)  Address of Principal Business Office or, if none, Residence

             COMMERCE COURT WEST, SUITE 3100, P.O. BOX 201, TORONTO, ONTARIO,
             CANADA M5L 1E8

        (c)  Citizenship

             CANADA

        (d)  Title of Class of Securities

             COMMON STOCK

        (e)  CUSIP Number

             12541C203

ITEM 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
        240.13d-2(b) or (c), check whether the person filing is a:

        (a)  [ ]  Broker or dealer registered under section 15 of the Act
                 (15 U.S.C. 78o).

        (b)  [ ]  Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
                  78c).

        (c)  [ ]  Insurance company as defined in section 3(a)(19) of the
                  Act (15 U.S.C. 78c).

        (d)  [ ]  Investment company registered under section 8 of the
                  Investment Company Act of 1940 (15 U.S.C 80a-8).

        (e)  [X]  An investment adviser in accordance with
                  Section 240.13d-1(b)(1)(ii)(E);

        (f)  [ ]  An employee benefit plan or endowment fund in accordance with
                  Section 240.13d-1(b)(1)(ii)(F);

        (g)  [ ]  A parent holding company or control person in accordance with
                  Section 240.13d-1(b)(1)(ii)(G);

        (h)  [ ]  A savings associations as defined in Section 3(b) of the
                  Federal Deposit Insurance Act (12 U.S.C. 1813);

        (i)  [ ]  A church plan that is excluded from the definition of an
                  investment company under section 3(c)(14) of the Investment
                  Company Act of 1940 (15 U.S.C. 80a-3);

        (j)  [ ]  Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).



ITEM 4. Ownership.

        Provide the following information regarding the aggregate number and
        percentage of the class of securities of the issuer identified in
        Item 1.

        (a)  Amount beneficially owned: 1,575,360

        (b)  Percent of class: 3.9%

        (c)  Number of shares as to which the person has:

             (i)  Sole power to vote or to direct the vote 1,575,360

             (ii) Shared power to vote or to direct the vote -0-

             (iii) Sole power to dispose or to direct the disposition of
                   1,575,360

             (iv) Shared power to dispose or to direct the disposition of -0-

Instruction. For computations regarding securities which represent a right to
acquire an underlying security see Section 240.13d3(d)(1).

ITEM 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [X].

Instruction: Dissolution of a group requires a response to this item.

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.
        NOT APPLICABLE.

If any other person is known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.

ITEM 7. Identification and Classification of the Subsidiary Which Acquired the
        Security Being Reported on By the Parent Holding Company or Control
        Person. NOT APPLICABLE.

If a parent holding company or Control person has filed this schedule, pursuant
to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit
stating the identity and the Item 3 classification of the relevant subsidiary.
If a parent holding company or control person has filed this schedule pursuant
to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification
of the relevant subsidiary.



ITEM 8. Identification and Classification of Members of the Group NOT
        APPLICABLE.

If a group has filed this schedule pursuant to Section 240.13d-1(b)(1)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity and Item
3 classification of each member of the group. If a group has filed this schedule
pursuant to Section 240.13d-1(c) or Section 240.13d-1(d), attach an exhibit
stating the identity of each member of the group.

ITEM 9. Notice of Dissolution of Group NOT APPLICABLE.

Notice of dissolution of a group may be furnished as an exhibit stating the date
of the dissolution and that all further filings with respect to transactions in
the security reported on will be filed, if required, by members of the group, in
their individual capacity. See Item 5.

ITEM 10. Certification

        (a)  The following certification shall be included if the statement is
             filed pursuant to Section 240.13d-1(b):

             By signing below I certify that, to the best of my knowledge and
             belief, the securities referred to above were acquired and are
             held in the ordinary course of business and were not acquired and
             are not held for the purpose of or with the effect of changing or
             influencing the control of the issuer of the securities and were
             not acquired and are not held in connection with or as a
             participant in any transaction having that purpose or effect.

                                    SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

                                        February 13, 2008
                                        Date


                                        By /s/ C. Verner Christensen
                                           -------------------------------------
                                        Signature

                                           C. Verner Christensen, Senior
                                           Vice-President, Compliance and
                                           Secretary

                                        Name/Title