The Ontario Not-for-Profit Corporations Act (ONCA) has been introduced to the Ontario Legislature as a Bill, but has not yet been proclaimed. Changes are coming under ONCA, that will affect all FOCA member Associations incorporated in Ontario.
Once the Bill is passed, according to the Ontario Nonprofit Network, “it will be two more years before the ONCA is proclaimed into law, and organizations have a further three year implementation period to become compliant with the new requirements. After that, they are deemed to comply (meaning ONCA provisions will override noncompliant by-laws).”
UPDATE – September 19, 2017 – from the Ontario Nonprofit Network (ONN):
New legislation introduced – On September 14, the Ontario government introduced Bill 154, Cutting Unnecessary Red Tape Act, 2017. The Bill proposes amendments to three important statutes affecting the nonprofit sector: The Ontario Corporations Act, the Ontario Not-for-Profit Corporations Act, 2010 and the Charities Accounting Act.
Bill 154 contains all the enabling legislation needed so the Ontario Not-for-Profit Corporations Act (ONCA) can be proclaimed. It also contains some important improvements to the ONCA that ONN, charity law lawyers and nonprofit organizations have been asking for. Collaboration in action!
Please note: This update is intended to give you an overview of the new legislation and how it may likely impact nonprofit organizations. Please consult your legal advisor and the Act in more detail to determine how your organization will be impacted by these provisions.
ONCA Highlights (Members-only post)