Host Organization: Ecovision Law
Hot Topic: Legal Changes with the new Canada Not-for-profit Corporations Act (Federal)
Date: Monday, April 14, 2014
Time: 1:30pm to 3:30pm
Location: City Hall, Ottawa
Sarah Jackson from Ecovision Law will lead a presentation and discussion on the changes to the law impacting federally registered not-for-profit corporations.
The Canada Not-for-profitAct (NFPA) became law in 2011, with a three-year transition period for all federal not-for-profits to come into compliance and to file documents to “continue” their corporate registration under the new Act. If Articles of Continuance are not filed with Industry Canada by October 2014, a not-for-profit may be dissolved. The NFPA creates new, more detailed rules affecting directors, members rights, and financial reporting. In most cases, an organization’s bylaws will need to be re-drafted in order to comply with the new rules. This session will highlight the legal changes, and explain the steps required to comply with the new law and to file for continuance before the October deadline. There will also be time dedicated to questions about the Act, or questions about not-for-profit and charity law in general, based on the interest of participants.
Ecovision Law is a small firm specializing in environmental law and not-for-profit and charity law and governance. Over the past two years, Sarah has assisted several groups to make the transition to the NFPA.