New corporate non-profit acts
November 30, 2009
I am not even going to try to answer this issue. I tried before to deal with Subsection 16(3) and got the answer wrong. I am excerpting a piece from a paper entitled Insight on C-4, the New Canada Not-for-profit Corporations Act By: Wayne Gray, who is a partner at McMillan LLP, Toronto. http://www.mcmillan.ca/waynegray to answer the question.
November 30, 2009
The New Canada Not-for-profit Corporations Act while passed has not come into force yet. The experts best guess (see Wayne Gray below) is early 2011 for it coming into force.
June 30, 2009
The new Canada Not-for-profit Corporations Act has just received royal assent on June 23, 2009. The act has yet to be proclaimed in force and it will come into force on a day or days to be fixed by order of the Governor in Council. It is difficult to know when the bill will come into force. It could be 3-6 months or it could be a year or more. Industry Canada will have a lot of work to do with the regulations, forms, fees etc. Once the act comes into force current Canada Corporations Act corporations will have 3 years to continue into the new act assuming that no change or extension is made to the act. There will be a lot of material prepared by non-profit associations as well as professional advisors and others to assist CCA corporations with the transition. It makes little sense for most CCA non-profits to start worrying about this act until there is greater clarity and more time has elapsed.
April 29, 2009
The Standing Committee on Industry, Science and Technology presented a report on the Bill C-4, An Act respecting not-for-profit corporations and certain other corporations and has suggested a number of amendments. Here is the report http://www2.parl.gc.ca/HousePublications/Publication.aspx?DocId=3821518&Language=E&Mode=1&Parl=40&Ses=2 Here is the slightly revised bill at:
March 20, 2009
The Canadian parliament is once again considering passing the Canada Not-for-profit Corporations Act. If it is passed it will affect 19,000 Canadian federal corporations that are incorporated under federal law. The Bill is currently in the Industry, Science and Technology Committee.
June 18, 2008
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).
Do you require legal advice with respect to Canadian or Ontario non-profits or charities?
Blumberg Segal LLP
Barristers & Solicitors
#1202 - 390 Bay Street
M5H 2Y2 Canada
Charity Law List
Join Blumbergs' non-profit and charities newsletter
View recent issue: August 2017