Bill 85 enters its Second Reading on Thursday in the Ontario Legislature

April 09, 2014 | By: .(JavaScript must be enabled to view this email address)
Topics: News, What's New from the Charities Directorate of CRA, Canadian Charity Law, New corporate non-profit acts

This Thursday, Bill 85 - An Act to amend various companies statutes and to amend other statutes consequential to the Not-for-Profit Corporations Act, 2010 will enter its Second Reading by the Ontario Legislature and then be referred to a Standing Committee. This Bill, which had its first reading on June 5, 2013, proposes some amendments to the Ontario Not-for-Profit Corporations Act ("ONCA").  This Bill is similar to the earlier version.   There has been a significant delay of the implementation of ONCA and passing this Bill will be an important step in moving the process forward.  

It is now anticipated that the ONCA may not come into force until January 1, 2015, at the earliest. Once Bill 85 is enacted, according to the Ontario government there must be at least 6 months before proclamation of the ONCA to allow sufficient time for the non-profit sector to get ready for the transition.   Because of the possibility of an election, which may delay further any progress in bringing this legislation into force, it is possible that ONCA will not come into force until mid-2015 or later.  

Read more about Bill 85

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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.

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