• Categories
  • Categories

    Ontario Not-for-Profit Corporations Act – Anticipated for 2016

    Ontario’s Not-for-Profit Corporations Act (ONCA) provides a modern legal framework for not-for-profit corporations, including charitable corporations. It sets out how not-for-profit corporations in Ontario are created, governed and dissolved. Once the ONCA is in force, existing not-for-profit corporations will have three years to transition.

    In 2013, Bill 85 was introduced to amend portions of the ONCA. The Ontario Ministry of Government and Consumer Services had announced that without these amendments in place, the ONCA cannot come into force. Unfortunately, Bill 85 died when the provincial election was called on May 2, 2014. This means that a new bill will need to be re-introduced. According to the Ontario Ministry of Government and Consumer Services’ website, the ONCA is not expected to come into force before 2016.

    Given that the Ontario Liberal Party introduced the ONCA and won the election, some are hopeful that an earlier proclamation date will be possible. That remains to be seen. Additional information and updates on the ONCA can be found on the Ministry’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.