As we have noted previously, the Federal government has brought in a new bill C-17 dealing with various issues especially extending CNCA deadlines for CNCA financial statement disclosure and AGMs and now that bill has received Royal Assent this week. Passing the bill will not automatically extend deadlines for CNCA corporations to have their AGM but it is an important step. There still needs to be an order approved by the Minister before any timelines are actually changed. Some groups have already requested and received an extension until the end of the year in a simplified process that we have discussed earlier.
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