CRA Sends CNCA Notices

September 30, 2014 | Robert B. Hayhoe

As we hope you know from reading previous issues, the Canada Corporations Act has been repealed and replaced by the Canada Not-for-Profit Corporations Act (CNCA). All organizations incorporated under the Canada Corporations Act need to continue formally into the new statute prior to October 17th of this year or risk being dissolved.

Continuing into the CNCA requires the filing of articles of continuance and new bylaws. While Industry Canada remains the corporate regulator, the Canada Revenue Agency (CRA) has started to send out notices to registered charities reminding them to continue. Unfortunately, CRA has been sending these notices not just to charities that need to continue, but also to charities that have already continued or are not incorporated under the Canada Corporations Act and therefore do not need to continue.

If your organization received a CRA notice suggesting continuance is needed, confirm this is the case.

While the CNCA provides for dissolution of corporations that have not continued, we expect Industry Canada will delay issuing Notices of Continuance. If your organization has not continued, please contact us – we would be pleased to assist with your continuance.  

Disclaimer

This publication is provided as an information service and may include items reported from other sources. We do not warrant its accuracy. This information is not meant as legal opinion or advice.

Miller Thomson LLP uses your contact information to send you information electronically on legal topics, seminars, and firm events that may be of interest to you. If you have any questions about our information practices or obligations under Canada's anti-spam laws, please contact us at privacy@millerthomson.com.

© 2021 Miller Thomson LLP. This publication may be reproduced and distributed in its entirety provided no alterations are made to the form or content. Any other form of reproduction or distribution requires the prior written consent of Miller Thomson LLP which may be requested by contacting newsletters@millerthomson.com.