On October 19, 2010, the Ontario Government passed Bill 65, the new Not-for-Profit Corporations Act, 2010 (the NFPCA). The stated purpose of the NFPCA is to modernize the legal framework for Ontario’s 46,000 provincially incorporated not-for-profit corporations (NFPs). The new legislation follows the federal Not-for-profit Corporations Act which received Royal Assent in June 2009 (not yet proclaimed in force) and which made similar reforms to the legislative scheme applicable to federally incorporated not-for-profit corporations.

type Not-For-Profit Law Alert – November 2010 – Bill 65 – Top Ten Things You Should Know About the New Not-for-Profit Corporations Act, 2010