Ontario’s Not-for-Profit Corporations Act, 2010 (ONCA) provides a modern, legal framework for not-for-profit corporations, including charitable corporations. It sets out how not-for-profit corporations in Ontario are to be created, governed and dissolved.
Amendments to more than 80 statutes including ONCA were introduced in the legislature in June 2013. It is anticipated that these amendments will be debated in the legislature in fall 2013. If the amendments are passed by the legislature, ONCA is anticipated to come into force no earlier than six months after passage in order to ensure adequate time for not-for-profit corporations to prepare for transition.
Existing not-for-profit corporations will have a three-year transition period once ONCA is in effect.
Community Legal Education Ontario (CLEO) is available to provide support to not-for-profit corporations as they make the transition to ONCA. CLEO has launched the “Get Ready for the ONCA” project. The project will help Ontario’s not-for-profit corporations understand and prepare for ONCA when it comes into force. For inquiries about the project, please email email@example.com.
Note: ServiceOntario is responsible for processing applications for corporations including not-for-profit corporations.