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ARTICLE · 29 OCTOBER 2014

The Clock Has Run Out: The CNCA Continuance Deadline Has Now Passed

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The time is up; the October 17, 2014 deadline to continue under the Canada Not-for-profit Corporations Act has now passed.

CanadaCorporate/Commercial Law
Victoria Prince
Victoria Prince
Kyle Denomme
Kyle Denomme
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The time is up; the October 17, 2014 deadline to continue under the Canada Not-for-profit Corporations Act ("CNCA") has now passed. As we have written several times in this blog (for example, here and here), Corporations Canada established the October 17, 2014 deadline for all not-for-profit corporations ("NFP") incorporated under the Canada Corporations Act to file for continuance under the CNCA. Corporations Canada assumes that all NFPs that failed to transition under the CNCA by the deadline are inactive and will be automatically dissolved.

You may be asking: my NFP missed the deadline, has it now been dissolved? Fortunately, no, your NFP has not been dissolved yet; however, Corporations Canada is now taking steps to dissolve these NFPs.

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