The new Canada Not-for-profit Corporations Act (NFP Act) establishes a new set of rules for federally incorporated not-for-profit corporations in Canada. These new rules will replace Part II of the Canada Corporations Act (old Act), the law that has governed federal corporations for nearly a century. The rules under the NFP Act are modern, flexible and more suited to the needs of the not-for-profit sector
Where to start?
Find out what you need to do to comply with the new Canada Not-for-profit Corporations Act (NFP Act) by going to Industry Canada’s website and reviewing the transition guide – http://www.ic.gc.ca/eic/site/cd-dgc.nsf/eng/cs04958.html.