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    Are you ready for the new Canada Not-for-profit Corporations Act?

    As many of you may know, the federal government brought into force the Canada Not-for-Profit Corporations Act (CNCA) on October 17, 2011. The CNCA is a comprehensive piece of legislation that is designed to provide organizations with a more modern governance structure.

    The CNCA establishes a new set of rules for federally incorporated not-for-profit corporations in Canada. These new rules will replace Part II of the Canada Corporations Act (old Act), the law that has governed federal corporations for nearly a century. The rules under the CNCA are modern, flexible and more suited to the needs of the not-for-profit sector.

    Pursuant to the CNCA, it is mandatory for all federally incorporated not-for-profit corporations to transition to this new act by October 17, 2014 or risk dissolution. The transition process requires that all federally incorporated not-for-profit corporations replace their Letters Patent with a Certificate and Articles of Continuance and create a new set of by-laws that comply with the provisions of the CNCA. More information on the CNCA and transition to it can be found on Industry Canada’s website.

    The content on this website is for information purposes only and is not legal advice, which cannot be given without knowing the facts of a specific situation. You should never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. The use of the website does not establish a solicitor and client relationship. If you would like to discuss your specific legal needs with us, please contact our office at 613-563-7544 and one of our lawyers will be happy to assist you.

    Posted By: Merovitz Potechin

    Merovitz Potechin LLP has been serving the business and personal needs of the Ottawa area since 1976. Our lawyers will work directly with you throughout your legal matter.

    We are committed to asking the right questions so you obtain the best advice. We are responsive to your needs, and you can trust that we will give you the care and attention you deserve.

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