Latest update on CNCA continuances and dissolutions from Corporations Canada

April 12, 2016 | By: .(JavaScript must be enabled to view this email address)
Topics: News, Canadian Charity Law, New corporate non-profit acts, Canadian Charity Statistics

We recently contacted Corporations Canada regarding the updated statistics on continuances and dissolutions under the Canada Not-for-profit Corporations Act ('CNCA').  Apparently in March there has been an increasing number of entities that have transitioned to the CNCA.  Here are the current figures: 

Total number of not-for-profit corporations under the CNCA:  20,751 (as of April 5 (includes new incorporations and transitions)  

Total number of remaining not-for-profit corporations under the Canada Corporations Act ('CCA'):  3,052 (as of April 5)

Total number of CCA dissolutions (failure to transition):  9,349 (as of March 31)

Total number of transitions from CCA to CNCA: 12,641 (as of March 31)

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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.

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