ARTICLE
8 January 2020

Update On New Ontario Not-For-Profit Corporations Act

MT
Miller Thomson LLP

Contributor

Miller Thomson LLP (“Miller Thomson”) is a national business law firm with approximately 525 lawyers working from 10 offices across Canada. The firm offers a complete range of business law and advocacy services. Miller Thomson works regularly with in-house legal departments and external counsel worldwide to facilitate cross-border and multinational transactions and business needs. Miller Thomson offices are located in Vancouver, Calgary, Edmonton, Regina, Saskatoon, London, Waterloo Region, Toronto, Vaughan and Montréal.
The Ontario Not-for-Profit Corporations Act, 2010 ("ONCA") was passed in 2010 and, up to recently, the Ministry of Government and Consumer Services ("MGCS") had been indicating that it ...
Canada Corporate/Commercial Law

The Ontario Not-for-Profit Corporations Act, 2010 ("ONCA") was passed in 2010 and, up to recently, the Ministry of Government and Consumer Services ("MGCS") had been indicating that it was expected to come into force in early 2020.

The MGCS has provided updated status information on the ONCA, indicating that the launch date is now expected to move beyond early 2020. No specific date for the launch has been communicated. The MGCS has indicated that the delayed implementation is on account of continued development of technology solutions to support ONCA implementation.

Once the ONCA comes into force, not-for-profit corporations incorporated in Ontario will have a three-year transition period to make necessary changes to their governing documents.

Until the ONCA comes into force, the Ontario Corporations Act ("OCA") continues to govern Ontario not-for-profit corporations. In 2017, the OCA was amended to provide flexibility to Ontario non-profit governance rules until the ONCA comes into force. Please refer to our communique of February 9, 2018, of changes to the OCA.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More