Provincial Government Makes it Easier for NPOs to do Business in Ontario

Strengthening Ontario's Not-For-Profit Sector

From Province of Ontario - Newsroom (October 19, 2010)

Ontario is making it easier for not-for-profit corporations to operate and do business in today's marketplace while strengthening the economy and creating jobs. The province's Not-for-Profit Corporations Act passed third reading today in the Ontario Legislature. Upon Royal Assent the new legislation will provide Ontario's 46,000 not-for-profit corporations with a modern, legal framework to:

• enhance corporate governance and accountability
• simplify the incorporation process
• give more rights to members
• better protect directors and officers from personal liability
• allow not-for-profits to engage in commercial activities where revenues are used by the corporation in support of their not-for-profit purposes

The Act is based on extensive consultations across the province. This includes three consultation papers, a web advisory panel and regional workshops in Ottawa, London, Toronto, and Thunder Bay attended by more than 200 organizations. For more information, click here.