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ARTICLE · 12 JANUARY 2016

Going Forward: Annual Reporting After Continuation Under The CNCA

Miller Thomson
Miller Thomson
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It is important that corporations which have continued under the CNCA bear in mind that the date of their continuance becomes their new anniversary date.

CanadaCorporate/Commercial Law

It has been nearly an entire year since federally incorporated non-share capital corporations were required to continue under the Canada Not-for-profit Corporations Act ("CNCA"). The CNCA, which replaced the Canada Corporations Act, was an overhaul of the legislation governing federally incorporated non-share capital corporations. As previously reported, the new legislation introduced a number of substantive changes to the governance requirements of such corporations. Below is a list of considerations to ensure compliance with the CNCA.

Annual Returns

It is important that corporations which have continued under the CNCA bear in mind that the date of their continuance becomes their new anniversary date. Importantly, federally incorporated non-share capital corporations are required to file their annual returns with Corporations Canada within 60 days of the date shown on their Certificate of Continuance. A link to Corporations Canada's annual return online filing

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