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ARTICLE · 08 NOVEMBER 2024

Corporate Update

Carters Professional Corporation
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The three-year period for not-for-profit (NFP) corporations in Ontario to undertake an optional transition to the Ontario Not-for-Profit Corporations Act, 2010 (the "ONCA")

CanadaCorporate/Commercial Law
Theresa L.M. Man
Theresa L.M. Man

ONCA Transition Deadline

The three-year period for not-for-profit (NFP) corporations in Ontario to undertake an optional transition to the Ontario Not-for-Profit Corporations Act, 2010 (the "ONCA") has now come and gone. As reported most recently in the September 2024 Charity & NFP Law Update, corporations were given until October 18, 2024, to transition to the ONCA by amending their letters patent (by adopting articles of amendment) and adopting ONCA-compliant by-laws. For those that did not undertake the transition as of October 19, 2024, any provisions in their letters patent, supplementary letters patent, by-laws, and special resolutions that were inconsistent with the ONCA (subject to a few exceptions listed in subsection 207(3) of the ONCA) are now deemed to be amended to comply with the ONCA.

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