The Ontario government passed the Ontario Not-for-Profit Corporations Act (ONCA) in 2010. It was originally expected to come into force in 2013, but it has been delayed a number of times. In December 2017, the Ontario government announced that it was “working to bring ONCA into force as early as possible, with a target of early 2020.”
However, despite the approaching coming into force date of ONCA, many not-for-profits continue to incorporate under the Ontario Corporations Act (OCA) rather than the federal Canada Non-for-profit Corporations Act (CNCA), a more suitable option because it could save time and money.
To find out more about why Ontario non-for-profits should not incorporate under OCA, read this article by Mark Blumberg and Taylor Teasdale of Blumberg Segal LLP.
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