Topics: What's New from the Charities Directorate of CRA, Canadian Charity Law, New corporate non-profit acts
Corporations Canada of Innovation, Science and Economic Development Canada has been dissolving non-profit corporations that are under the Canada Corporations Act (CCA) but have not continued to the new Canada Not-for-profit Corporations Act ("CNCA"). Corporations Canada has advised me that as of June 13, 2017 there are only 304 remaining CCA non-profit corporations and that they are still processing some transitions.
Corporations Canada has also called most of the remaining corporations to give them additional verbal reminders. Apparently some of them were not aware of the process which goes back to October 2011. Some of the remaining corporations are bankrupt or not able to make the transition for various reasons.
We have been assisting CCA corporations with the transition and have even been helping some dissolved corporations with the process of revival. If your organization requires legal assistance let us know.
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.