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).

Industry Canada will in 2008 attempt to pass the new Canada Not-for-profit Corporations Act (NFPC) to replace the Canada Corporations Act.  This bill will be of particular interest to Canadian charities that are incorporated federally under the Canada Corporations Act. 

Here is my my brief article on the highlights of the NFPC:

Highlights of the New Proposed Canadian Not-For-Profit Corporations Act (NFPC)

Here is a copy of the Press Release:

http://www.ic.gc.ca/cmb/welcomeic.nsf/cdd9dc973c4bf6bc852564ca006418a0/85256a5d006b972085257467004b6155!OpenDocument

Here is a copy of the bill:

http://www2.parl.gc.ca/HousePublications/Publication.aspx?DocId=3575844&Language=e&Mode=1

Here is a copy of the draft regulations to the bill:
http://www.ic.gc.ca/epic/site/cd-dgc.nsf/vwapj/regulations_consultations_version.pdf/$FILE/regulations_consultations_version.pdf

Here is a copy of the Explanatory Notes:

http://www.ic.gc.ca/epic/site/cd-dgc.nsf/en/cs03833e.html

GlobalPhilanthropy.ca was created by Mark Blumberg, a lawyer at Blumberg Segal LLP in Toronto, Ontario.  If you require legal advice with respect to non-profit organizations or charities in Canada he can be contacted at .(JavaScript must be enabled to view this email address) or at 416-361-1982 x. 237. To find out more about legal services that Blumbergs provides to Canadian charities and non-profits please visit the Blumbergs’ Non-Profit and Charities page at http://www.blumbergs.ca/non_profit.php or http://www.globalphilanthropy.ca