Is Your Nonprofit Affected by ONCA?
Here's the straightforward summary:
ONCA is relevant and applicable:
· If your nonprofit is incorporated under Ontario's Corporation Act (OCA), ONCA applies.
· The nonprofit is incorporated under different Ontario laws and rules. For instance, horticultural societies and conservation authorities incorporated under various laws will also fall under the ONCA.
· You don't need to change articles and bylaws if your nonprofit is incorporated under the Canada Not-for-Profit Act or Ontario's Co-operative Corporations Act or if it needs to be incorporated.
Need help determining if ONCA applies? It's wise to ask for legal advice to be sure. If it does apply, the next step is understanding when and how to proceed.
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