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ARTICLE · 21 OCTOBER 2021

The ONCA Is Finally Here!

Torkin Manes LLP
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Today, October 19, 2021, marks the long awaited proclamation of the Ontario Not-for-Profit Corporations Act.

CanadaCorporate/Commercial Law
Linda J. Godel
Linda J. Godel
Alexandra Zavalunov
Alexandra Zavalunov
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Today, October 19, 2021 (proclamation date), marks the long awaited proclamation of the Ontario Not-for-Profit Corporations Act (ONCA). It has been eleven years since the ONCA received Royal Assent on October 25, 2010. There were times during that period when those in the not-for-profit sector wondered if it would ever come to fruition. But now, it is finally here. So what next?

ONCA

As of today, the ONCA applies automatically to Ontario not-for-profit corporations. According to a news release issued by the Ontario government earlier today, the ONCA "modernizes governance for Ontario's not-for-profit corporations and significantly reduces the bureaucratic burden on them, moving from paper-based filings to digital services and providing enhanced flexibility."

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