With Ahmed Shehata
The new Canada Not-for-profit Corporations Act (the "Act"), which replaces the Canada Corporations Act (the "CCA"), is expected to come fully into force within the next year. There will then be a three-year transition period for not-for-profit corporations ("NFPs") incorporated under Part II of the CCA to apply for continuance under the Act. Accordingly, NFPs likely have until 2015 to comply with the Act. Failure to comply will result in an NFP's dissolution.