October 19, 2021 will bring changes for both not-for-profit and for-profit entities in Ontario. First, the Ministry of Government and Consumer Services will launch the OBR on October 19, 2021. Second, on October 19, 2021, and after more than 10 years, the ONCA comes into force. During that long wait, other Canadian jurisdictions have modernized their not-for-profit statutes. For instance, federally, the Canada Not-for-profit Corporations Act came into force in 2011, and British Columbia’s Societies Act came into force in 2016.
Ontario Business Registry
The new Ontario Not-For-Profit Corporations (ONCA) is targeted now to come in later this year. It will be launched together with the Ontario Business Registry (OBR).
Ontario Ministry of Government Services is launching a new Ontario Business Registry at some point over the next year or two.