Focus on Canada Not-for-Profit Corporations Act - October 2011
Date:
October 17 2011
The Canada Not-for-Profit Corporations Act ("NFP Act") enters into force on Monday, October 17, 2011. The NFP Act brings with it a new framework for the governance and incorporation of associations, charities and other federal not-for-profit organizations.
The article below provides a review of most significant elements of the NFP Act, with an overview of the following points:
- New Requirements for By-laws
- Corporate Obligations
- Financial Accounting and Disclosure
- 5 Steps to Transition
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