Before the defeat of the government following the tabling of Budget 2011, it was expected that the new federal legislation governing non-profit corporations, the Canada Not-for-profit Corporations Act, would be in force by the end of Spring 2011. The defeat of the government will delay this anticipated in-force date. Our expectation is that the in-force date will be delayed by at least three months, and will not likely occur until the end of Summer or early Autumn 2011.
Industry Canada advises that it cannot provide details on the new expected in-force date of the legislation until after an election is held and a new government takes office. We will continue to provide updates on the progress of this legislation.