Ontario’s new Not-for-Profit Corporations Act, 2010 will make it simpler to incorporate and provide not-for-profit corporations with up-to-date rules to run the organization. It will also ensure greater transparency and accountability.
When the Act comes into force, it will generally apply automatically to all Ontario not-for-profit corporations, including CPRS Toronto.
Existing not-for-profit corporations will have a three-year transition period once the Act comes into force to make any changes to their incorporation and other documents necessary to bring them into conformity with the Act.
Danielle Kelly, APR, Secretary of the Board of Directors of CPRS Toronto, is performing a review of the By-laws to ensure that they will comply with the forthcoming ONCA legislation.
A draft of the By-laws will be posted here for member review shortly.
It is expected that the By-law review will be completed in Summer 2015, so that CPRS Toronto members may vote on the revised By-laws at the 2014 Annual General Meeting.
Additional information about ONCA is also available here: ONCA presentation slides – March 30 2015
Please don’t hesitate to reach out to Danielle should you have any additional questions or comments.