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ARTICLE · 28 NOVEMBER 2017

Changes To Support Social Investing By Charities

On November 14, 2017, the Ontario government gave Royal Assent to Bill 154, the Cutting Unnecessary Red Tape Act, 2017 ("Bill 154").

CanadaCorporate/Commercial Law

On November 14, 2017, the Ontario government gave Royal Assent to Bill 154, the Cutting Unnecessary Red Tape Act, 2017 ("Bill 154").

Among other changes (see our previous bulletins: Ontario's Not-for-Profit Sector Will Soon See Changes to the Corporations Act and Not-For-Profit Corporations Act and Update: Changes Affecting Ontario's Not-for-Profit Sector Come into Effect), Bill 154 amends the Charities Accounting Act to give Ontario charities more latitude to make social investments. The term 'social investment' refers to an investment that is made to directly further the purposes of the charity and to achieve a financial return. Many in the charities sector are familiar with the concept, which is sometimes also referred to as social impact investing or mission-related investing.

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