• Ontario’s Not-for-Profit Corporations Act, 2010 and the Canada Not-for-profit Corporations Act
  • October 17, 2011 | Authors: Jeremy D. Burke; Margaret T. Nelligan
  • Law Firm: Aird & Berlis LLP - Toronto Office
  • The Not-for-Profit Corporations Act, 2010 (Ontario) (“ONCA”) and the Canada Not-for-profit Corporations Act (“CNCA”) will replace, respectively, the Corporations Act (Ontario) (“OCA”) and the Canada Corporations Act (“CCA”), to provide a new, comprehensive framework under which Ontario and federally incorporated not-for-profit corporations will operate. The CNCA mirrors the recently overhauled Canada Business Corporations Act (“CBCA”), while the ONCA borrows significantly from both the CNCA and from Ontario’s for-profit corporate legislation, the Business Corporations Act (Ontario) (“OBCA”).