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ARTICLE · 31 AUGUST 2021

Preparing For The ONCA Transition: What Organizations Need To Know

Borden Ladner Gervais LLP
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On Tuesday August 17, 2021, the Ontario Government announced that the Not-for-Profit Corporations Act, 2021 (Ontario) (the ONCA) will finally come into force on October 19, 2021.

CanadaCorporate/Commercial Law
Sylvie Lalonde
Sylvie Lalonde
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Background

On Tuesday August 17, 2021, the Ontario Government announced that the Not-for-Profit Corporations Act, 2021 (Ontario) (the ONCA) will finally come into force on October 19, 2021. At the same time, Ontario will launch a new Ontario Business Registry that will replace outdated technology and provide Ontarians with better access to government services. The ONCA received royal assent on October 25, 2010 rendering the coming into effect of this modern legislative framework over ten years in the making.

Upon coming into force, the ONCA will replace the Corporations Act (Ontario) (the OCA), which dates back to 1907. It will automatically apply to all Ontario not-for-profit corporations and charities governed by Part III of the OCA; being non-share capital corporations. Those corporations will have a three-year transition period (commencing on October 19, 2021) to make any changes to their letters patent/supplementary letters patent, by-laws and

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