New corporate non-profit acts

November 30, 2009

When will the new Canada Not-for-profit Corporations Act come into force and we can start using it?

The New Canada Not-for-profit Corporations Act while passed has not come into force yet.  The experts best guess (see Wayne Gray below) is early 2011 for it coming into force.

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June 30, 2009

New Federal Canada Not-for-profit Corporations Act Receives Royal Assent June 23, 2009

The new Canada Not-for-profit Corporations Act has just received royal assent on June 23, 2009.  The act has yet to be proclaimed in force and it will come into force on a day or days to be fixed by order of the Governor in Council.  It is difficult to know when the bill will come into force. It could be 3-6 months or it could be a year or more.  Industry Canada will have a lot of work to do with the regulations, forms, fees etc.  Once the act comes into force current Canada Corporations Act corporations will have 3 years to continue into the new act assuming that no change or extension is made to the act.  There will be a lot of material prepared by non-profit associations as well as professional advisors and others to assist CCA corporations with the transition.  It makes little sense for most CCA non-profits to start worrying about this act until there is greater clarity and more time has elapsed.

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April 29, 2009

Bill C-4, An Act respecting not-for-profit corporations - moves forward

The Standing Committee on Industry, Science and Technology presented a report on the Bill C-4, An Act respecting not-for-profit corporations and certain other corporations and has suggested a number of amendments.  Here is the report http://www2.parl.gc.ca/HousePublications/Publication.aspx?DocId=3821518&Language=E&Mode=1&Parl=40&Ses=2 Here is the slightly revised bill at:
http://www2.parl.gc.ca/HousePublications/Publication.aspx?DocId=3829002&Language=e&Mode=1

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March 20, 2009

Canada Not-for-profit Corporations Act - Fourth Time Lucky? Will Canada get a new fed corporate law?

The Canadian parliament is once again considering passing the Canada Not-for-profit Corporations Act.  If it is passed it will affect 19,000 Canadian federal corporations that are incorporated under federal law.  The Bill is currently in the Industry, Science and Technology Committee.

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June 18, 2008

Canada Not-for-profit Corporations Act (NFPC) - New Act if passed will affect Canadian charities

It looks like Industry Canada will be making a second attempt to pass a new federal non-profits act to replace the Canada Corporations Act.  It will be called the Canada Not-for-profit Corporations Act (NFPC).

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Do you require legal advice with respect to Canadian or Ontario non-profits or charities?

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Charity Lawyer Mark Blumberg

Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.

mark@blumbergs.ca
416.361.1982
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