On November 14, 2017, Bill 154, the Cutting Unnecessary Red
Tape Act, 2017, received Royal Assent. This Act brings about
changes that impact the Ontario not-for-profit and charitable
sector as it amends the Ontario Corporations Act (OCA),
the proposed Ontario Not-for-Profit Corporations Act, 2010
(ONCA) and the Charities Accounting Act. For background
information on the new Act and the statutes affected, please see
our article
Proposed Changes to Laws Affecting Ontario Not-For- Profits and
Charities.
This article will highlight some of the important changes to the
OCA, which is the current governing corporate legislation for
Ontario not-for-profit corporations. The new Act modernizes several
outdated provisions of the OCA, and implements various changes that
Ontario not-for-profit corporations have been waiting to benefit
from under the long-awaited ONCA. While the new Act also amends the
proposed ONCA, the ONCA is still not yet in effect. The Ontario
Government
