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ARTICLE · 26 MARCH 2014

CNCA Transition Deadline Fast Approaching!

DLA Piper
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All not-for-profit corporations incorporated under the now-repealed Part II of the Canada Corporations Act must apply to transition to the Canada Not-for-Profit Corporations Act prior to October 17, 2014, failing which they may be dissolved by Corporations Canada.

CanadaCorporate/Commercial Law
Kate Bake-Paterson
Kate Bake-Paterson
Graham Erion
Graham Erion
Ted Maduri
Ted Maduri
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All not-for-profit corporations (NFPs) incorporated under the now-repealed Part II of the Canada Corporations Act must apply to transition to the Canada Not-for-Profit Corporations Act (the "CNCA") prior to October 17, 2014, failing which they may be dissolved by Corporations Canada. Many not-for-profit corporations (NFPs) have still yet to transition!

While dissolution is not automatic (as Corporations Canada will first give notice to the affected corporations), we strongly recommend that all federally-incorporated NFPs start their transition process without delay. This process includes preparing Articles of Continuance and new by-laws which are compliant with the CNCA and having them approved by the directors and members of NFP (see below).

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