What’s The Law: The New Not-for-Profit Corporations Acts

The increased focus on governance in the corporate world has resulted in new regulations in the nonprofit sector. One of the major changes is occurring in the area of corporate law. Federally, the Canada Not-for-profit Corporations Act1 (CNCA) was proclaimed in force on October 17, 2011, and will replace Part II of the Canada Corporations…

The How, Why, and When of Using Multiple Corporate Structures

Introduction1 The charitable sector in Canada today faces increasing demands for efficiency and effectiveness owing to shrinking government contributions, the advance of technology and, in large part, the constant establishment of new charities and the resulting intense competition for donor dollars. Additionally, the loss of public trust in the for-profit sector has spilled over into…