In October 2013 there were only 1800 continuances according to Industry Canada from the old CCA to the new CNCA. That number has now jumped to 4175 corporations by May 31, 2014 and is probably higher over the last 5 weeks. That being said there are about 19,000 Federal corporations and many clearly need to continue or face dissolution after October 17, 2014. For registered charities dissolution will also eventually result in loss of registered charity status.
Here is a short free webinar on the CNCA continuance: Time is not on your side – A Primer on the CNCA Continuance with Mark Blumberg
Related Posts
February 25, 2021
Upcoming Webinars for the Canadian Charity Law Association
The Canadian Charity Law Association is delivering some upcoming webinars. Registration is free but space is limited. Topics are subject to change.…
February 21, 2021
Revised P113 – Gifts and Income Tax 2020 – deals with tax benefits of donating to charities
2020 was a turbulent year. The CRA has updated their document P113 – Gifts and Income Tax for 2020. The P113 is a helpful guide to the tax…
February 21, 2021
Lengthy CRA FAQ on the Canada emergency wage subsidy (CEWS)
Here is a long CRA FAQ dealing with the CEWS which was last updated in early February, 2021: Canada Revenue Agency Frequently asked questions…