Summary of the Canada Not-For-Profit Corporations Act

Fasken is pleased to release an updated Summary of the Canada Not-For-Profit Corporations Act (PDF).

 

Our 2020 Update offers a summary of the provisions of the Act and addresses:

1. Terminology
2. Incorporation
3. Capacity of a Corporation
4. Registered office and records
5. Corporate finance
6. Debt obligations, certificates, registrars and transfers
7. Directors
8. Directors meetings
9. Conflicts of interest
10. Officers
11. Liability issues
12. Committees
13. By-laws
14. Members’ rights and input
15. Financial disclosure and public accountant
16. Fundamental changes
17. Liquidation and Dissolution

If you are interested in how the key provisions of the CNCA impact your Not-for-Profit organization in Canada, we recommend referencing this summary as a guide and/or contacting us.