CONSULTATION ON PROPOSED CANADA NOT-FOR-PROFIT CORPORATIONS REGULATIONS

The purpose of this notice is to advise stakeholders that proposed regulations under the Canada Not-for-profit Corporations Act has been posted on Corporations Canada website for consultation. Any comments are to be received by October 1, 2010.

Bill C-4, which received Royal Assent June 23, 2009, will create the Canada Not-for-profit Corporations Act. That Act requires regulations before it can come into force because the Act specifies that certain details of its regime will be set out in regulation, including time periods, options for providing notice of members’ meetings and absentee voting, and user fees.

If you would like a copy of the proposed regulations and the accompanying explanatory note, there are two options to obtain a copy:

  • Corporations Canada’s website (www.corporationscanada.ic.gc.ca) under “What’s New” in the menu on the left side of the page and then “News from the DG”; or
  • contact Corporations Canada directly at 1-866-333-5556 for a copy by mail.

Comments on this proposal would be welcome before October 1, 2010. If you would like further information, please contact Coleen Kirby (tel. 1-866-333-5556; email: corporationscanada@ic.gc.ca).