Topics: News, What's New from the Charities Directorate of CRA, Canadian Charity Law, New corporate non-profit acts, Ethics and Canadian Charities
The CRA has reminded Canadian registered charities and registered Canadian amateur athletic associations that are incorporated under the Canada Corporations Act that the have till October 17, 2014 to continue to the new CNCA or face possible revocation of charity status in the event they are dissolved by Industry Canada. This message only relates to Federal non-profit corporations and not provincial incorporated charities.
The notice they posted on their website is:
“Important message for registered charities and registered Canadian amateur athletic associations incorporated under Part II of the Canada Corporations Act
Registered charities and registered Canadian amateur athletic associations that are incorporated under Part II of the Canada Corporations Act need to apply for a certificate of continuance to transition to the Not-for-profit Corporations Act (NFP Act) by October 17, 2014 or risk losing their registered status. For more information, go to Transition to the Canada Not-for-profit Corporations Act (NFP Act).”
They provided the following link: http://www.cra-arc.gc.ca/chrts-gvng/chrts/prtng/nfpc/menu-eng.html
Some may find the resources that we provide helpful including the CNCA Suitcase:
We also have a directory of information on the CNCA and the ONCA
Do you require legal advice with respect to Canadian or Ontario non-profits or charities?
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.