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Not for Profit

By Occasional Contributors | 7 Minutes Read May 30, 2023

Corporations Canada will begin issuing Notices of Intent to Dissolve to CNCA non-profit corporations that have not filed their Annual Return in 3 years or more

notice periodCorporations Canada will begin issuing to Canada Not-for-profit Corporations Act non-profit corporations Notices of Intent to Dissolve if the CNCA non-profit corporations have not filed their corporate Form 4022 – Annual Return in three years in a row or more. Under Section 222 of the CNCA, Corporations Canada can provide 120 days’ notice to a delinquent non-profit to file their Annual Return and if the Annual Return is not filed within 120 days, the system will automatically dissolve the corporation.

Article by Occasional Contributors / Not for Profit / annual returns, Canada Business Corporations Act, Canada Corporations Act, Canada Not-for-profit Corporations Act, Notice of Intent to Dissolve Leave a Comment

By Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) | 4 Minutes Read May 3, 2023

Improve cash flows with these 10 best practices

Economists, pundits, and others are concerned about inflation, shrinkflation, recession, rising interest rates, and other potential economic impacts arising from polycrisis or other events. These concerns make it even more critical to get a handle on cash flows.

Article by Apolone Gentles, JD, CPA,CGA, FCCA, Bsc (Hons) / Finance and Accounting, Not for Profit / best practices, cash flow, cash flow management, cash management strategies, cost savings, forecasting, inventory, polycrisis Leave a Comment

By Occasional Contributors | 8 Minutes Read May 1, 2023

Why it is difficult to provide an estimate for legal services relating to ONCA transition or CNCA continuance for an existing non-profit or charity or registered charity

Many Ontario non-profit corporations are struggling with how to deal with the Ontario Not-for-Profit Corporations Act, 2010 (“ONCA”).  Over 50,000 ONCA corporations will need to make changes to their governing documents to conform with the new ONCA by October 18, 2024.

Article by Occasional Contributors / Not for Profit / by-laws, corporate filings, legal costs, Not-for-profit Corporations Act, Registered charities Leave a Comment

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