As we have noted before the Cutting Unnecessary Red Tape Act, 2017 (Bill 154) has passed and today it received Royal Assent. It will make a number of changes to the current Ontario Corporations Act and also the upcoming Ontario Not-For-Profit Corporations (ONCA) which will come into force in a few years. The Ontario Government position has not changed in that the Government has said that it would provide at least 2 years’ notice before ONCA is proclaimed.
Here is a link to the Bill:
With the changes to the OCA and ONCA Ontario non-profit organizations may wish to consider what if any impact these changes will have on their organization.
To keep up to date make sure you are subscribed to our Canadian Charity Law List.
Also for updates you can check out our ONCA directory.
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.