Posts Tagged ‘Canada Not‑for‑Profit Corporations Act’

Federal Non Profit Corporations: Deadline of July 31, 2017 to transition from Canada Corporations Act to Canada Not-for-Profit Corporations Act

March 21st, 2017 by Ted Hyland

If you’re involved in a non‑profit organization that was incorporated under the Canada Corporations Act and your organization has not completed the transition to the Canada Not‑for‑profit Corporations Act, then you have until July 31, 2017 to do so. Corporations Canada has issued a notice that if the transition is not completed by July 31st, the corporation will be dissolved. In other words, the corporation will cease to exist, legally, and if it’s a registered charity, it could lose its charitable registration.

To obtain more details about what’s involved in completing the transition, you can check out the “Transition Guide” on Corporations Canada’s website.

If you have any questions about the transition process, you can also contact one of our lawyers.

The Canada Not for Profit Corporations Act – have you transitioned yet?

October 22nd, 2014 by Celia Chandler

A representative of Industry Canada spoke at a charity law conference last week and reminded us that last Friday  ‑ October 17, 2014 ‑ was the deadline to “continue” federal non‑profits under the new Canada Not‑for‑Profit Corporations Act.  However, she also assured conference‑goers that dissolution is not automatic.  Industry Canada will first clear the backlog of last minute continuance applications that it has received.  Then it will begin the process of contacting those corporations which missed the deadline.  She acknowledged that many of those who have not yet filed have very likely done so deliberately – as a way to dissolve dormant corporations without taking any active steps.  Others will have missed the deadline by mistake and those will get 120 days’ written notice of dissolution.   If you’re not sure if your organization has taken the steps it should have taken, you can check its status on Industry Canada’s website.

And as always, if you need help with the transition, give us a call!