We know that there are about 19,000 Federal corporations under the Canada Corporations Act that will need to continue under the new CNCA by October 17, 2014. We are approaching one year since the CNCA was brought in. Non-profits only have 2 more years to make the transition. So how many have made the transition? According to a note from Coleen Kirby at Industry Canada today it is 350 CCA non-profits! No doubt the pace will improve. It had better or a large number of Federal non-profit corporations will potentially be dissolved. We have done a number of Federal continuances and are working on about 25 more. We are finding it is hard to keep up with the volume.
If you want more information on the CNCA and continuance see http://www.canadiancharitylaw.ca/index.php/blog/category/ccl_new_canada_not-for-profit_corporations_act_federal_corporations/
If you would like assistance contact Irene Mazur (416-361-1982 x. 237 or ) to obtain a copy of our firm billing policy or schedule an appointment.
Do you require legal advice with respect to Canadian or Ontario non-profits or charities?
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.