RLB Blog

The long wait is over! The Ontario Not-for-Profit Corporations Act (ONCA), first announced in 2010 (no… this is not a typo!), will finally become law on October 19, 2021. Organizations which fall under this legislation will have three years to become fully compliant, so there is time, but this article will highlight some of the considerations you should take into account. We should mention that this is not a comprehensive list and does not constitute a legal opinion, so organizations are advised to consult with their legal representatives when considering what changes will need to be made to comply.  

Did you know that RLB offers a wide range of services to not-for-profit and charitable organizations, beyond the assurance and accounting services that you would expect?

Important Note: This article only applies to charities and qualifying Not-for-Profit organizations which are not HST registrants (i.e. do not have HST-eligible revenues above $50,000 and have not registered to collect HST on their revenues) but receive the Public Service Bodies Rebate on GST/HST paid. If you are uncertain if this applies to your organization, please contact your RLB advisor.