Modernizing The Not-for-Profit Sector

The Not-for-Profit Corporations Act, 2010 received Royal Assent on October 25, 2010.

When it is Proclaimed the new legislation will provide a modern legal framework for Ontario’s approximately 46,000 not-for-profit corporations and make it easier for them to operate. The Corporations Act currently governs not-for-profit Corporations in Ontario.

Ontario’s not-for-profit sector employs about 16 per cent of all employed Ontarians and generates nearly $50 billion in annual revenues.

Read more about the Not-for-Profit Corporations Act, 2010:

• the not-for-profit reform objectives
• key features of the Not-for-Profit Corporations Act
• organizations affected by the not-for-profit reform
• impact on charities
• information for directors and officers

Visit e-Laws to view the Not-for-Profit Corporations Act, 2010.