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Existing not-for-profit corporations incorporated under Part II of the Canada Corporations Act will be required to be continued under the new Canada Not for Profit Corporations Act. This is your corporate Annual Return, and it provides up-to-date information about your not-for-profit corporation. Canada Not‐for‐Profit Corporations Act: Background Information. Corporations Canada also uses this address to remind you to file your Annual Returns. On October 17, 2011, the Canada Not-For-Profit Corporations Act, S.C. 2009, c23 (“NFPCA”) came into force, providing a 90 year over due and much needed modernization of not-for-profit legislation in Canada. Marginal note: Short title 1 This Act may be cited as the Canada Not-for-profit Corporations Act.. PART 1 Interpretation and Application Interpretation. All corporations need to file by-laws within 12 months of the by-laws being confirmed by members. Table of Contents. ‘Canada Not-for-Profit Corporations Act’ Richard Bridge www.lawyerforcharities.ca richardbridge@ns.sympatico.ca 2 •To make you familiar with the key elements of the new Act. Provisions exist under the Act detailing the incorporation process. Your registered office address cannot consist solely of a post office box; Your registered office address must be within the province or territory that is set out in the articles of your not-for-profit corporation. You are required to file an Annual Retur… Please note that this is not your income tax return. the election or appointment of a new director; the resignation or removal of a director; and. By-laws At the first organizational meeting, the directors can make by-laws. Let me make some preliminary comments: (a) The Canada Not-For-Profit Corporations Act (“CNCA”) received Royal assent on June 23, 2009 and most of its provisions came into force on the province or territory in which your registered office is located; the fixed, minimum or maximum number of directors; the classes, or regional or other groups, of members; the restrictions on the activities the not-for-profit corporation may carry on; the statement of the purpose of the not-for-profit corporation; the statement regarding the distribution of property remaining on liquidation; and. On your Annual Return form, you must provide the date of the corporation's last annual meeting of members. If your registered office address changes to a place outside of that province or territory, you must first update your articles (see. I was asked to talk about procedural issues and strategies under the Canada-Not-For-Profit Corporations Act that may arise in board and members’ meetings. A disclosing entity can include a registered managed investment scheme (registered scheme). They must also file amended or repealed by-laws. Not-for-profit organizations incorporated under the Canada Corporations Act: Applicants with annual revenues over $250,000 must provide audited financial statements as part of their application in order to be eligible to the Program; It can be found on the corporation's Certificate of Incorporation, Amalgamation or Continuance or on the Corporations Canada online database of federal corporations. Federal not-for-profit corporations have options regarding holding their annual general meeting during the COVID-19 pandemic. To incorporate a non-profit or not-for-profit company, an application for incorporation must be filed under the Act along with the appropriate fee payment. The term “Act” shall also encompass any corporations regulations made pursuant to the Act. These include the filing of annual returns, the filing of a change of registered office address, filing changes of directors, and filing copies of by-laws. Get this from a library! This information is then made available to the public through the Corporations Canada website. SOR/2011-223. CANADA NOT-FOR-PROFIT CORPORATIONS ACT. By-laws set out valuable information about your not-for-profit corporation. Societies (not-for-profit corporations) that are created and operate in British Columbia need to complete their transition to the new rules in order to be compliant with the new Societies Act by November 28, 2018.For more information, go to Transition to the new B.C. It may be more practical for not-for-profit corporations with only a few members to prepare a written resolution rather than to hold a formal meeting. Innovation, Science and Economic Development Canada, File any change of registered office address, File financial statements and public accountant's report, Within the 60 days following the corporation's anniversary date, Filing a change of registered office address, Within 15 days of the change or, in the case of a change to a director's address, within 15 days of being notified of the change, Filing copies of financial statements and reports of a public accountant, if any, Not less than 21 days before each annual meeting of members or as soon as possible after a written resolution is signed, As soon as the amendment has been adopted by members, Sending copies of by-laws and by-law amendments, Within 12 months of confirmation by members. Short Title. Your registered office address is the official address for communicating with your not-for-profit corporation. 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