The Ministry of Consumer Services’ has added some information to their website on the Not-for-Profit Corporations Act, 2010 including a glossary of key terms, an FAQ and a basic transition checklist. There is more information that is yet to come such as the regulations, a revised non-profit incorporators handbook etc.
You can see the MCS website at:
“Not-for-Profit Corporations Act
Ontario’s Not-for-Profit Corporations Act, 2010 (ONCA) provides a modern, legal framework for not-for-profit corporations, including charitable corporations. It will set out how not-for-profit corporations in Ontario are created, governed and dissolved.
It is targeted to come into effect on July 1, 2013.
Existing not-for-profit corporations will have a three-year transition period once ONCA is in effect. This will allow them sufficient time to make any changes to their incorporation and other documents that are necessary to bring them into conformity with ONCA.
Check back for updates on ONCA’s effective date and the latest transition tools.
•Frequently Asked Questions
Note: ServiceOntario is responsible for processing applications for corporations including not-for-profit corporations.”
Thank you to Cliff Goldfarb for alerting me to this development.
Here is our law firms general directory relating to the CNCA and ONCA. http://www.globalphilanthropy.ca/index.php/blog/category/new_canada_not-for-profit_corporations_act_federal_corporations/
Also here is our article “Should Ontario non-profits be worrying about the Ontario Not-for-Profit Corporations Act?” http://www.globalphilanthropy.ca/index.php/blog/comments/should_ontario_non-profits_be_worrying_about_the_ontario_not-for-profit_cor/
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.