In this article we discuss “Should Ontario non-profits or charities be worrying about the Ontario Not-for-Profit Corporations Act (ONCA)?” The short answer is: probably not.
The Ontario Not-for-Profit Corporations Act (ONCA) will affect over 50,000 Ontario Corporation Act (OCA) non-profit corporations. The Ontario government is now targeting to bring the ONCA into force on July 1, 2013, although that target may shift to being later. There has been a lot of attention around the ONCA over the last few years and especially over the last few months. Many non-profits and charities are already feeling anxious about the act. That anxiety may be quite unnecessary. Here is the full article “Should Ontario non-profits or charities be worrying about the Ontario Not-for-Profit Corporations Act (ONCA)?”
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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.