Oct 17, 2011

Canada Not-for-profit Corporations Act

Details about the new incorporation process

The Canada Not-for-profit Corporations Act (CNCA) came into force on October 17, 2011.

The new incorporation process will be much faster and streamlined.

Current not-for-profit organizations continue to be governed under the Canada Corporations Act until they make the switch to the CNCA. The switch can be made by way of amendment to the by-laws of the corporation, obtaining supplementary letters patent, filing an annual summary or surrendering the corporation’s charter. The CNCA provides a 3 year window for not-for-profits to make the switch to the new Act.

For more information here is a helpful link to the Transition Guide for non-profits currently under Canada Corporations Act: http://www.ic.gc.ca/eic/site/cd-dgc.nsf/eng/h_cs04954.html

Don’t forget that registered charities still will need to be aware of Income Tax Act and CRA requirements and not just the corporate requirements set out in the CNCA.

Photography by Dennis Jarvis