ONCA

A Guide to Understanding the Changes for Not-for-Profits under ONCA

Explore the significant changes brought by ONCA, simplifying the complex alterations in governance, transparency, member rights, and roles of directors and officers for nonprofits in Ontario.

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Why Should Your Nonprofit Prepare for ONCA Now? Act Before the October 18, 2024 Deadline!

Discover the importance of early preparation for the Ontario Not-for-Profit Corporations Act (ONCA) and why acting before the October 18, 2024 deadline is crucial for your nonprofit's compliance and success.

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3 Steps to Ensure Your Not-for-Profit's Compliance to ONCA

Learn the crucial steps to ensure your nonprofit smoothly transitions to ONCA, guaranteeing legal compliance and operational efficiency.

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Why ONCA Compliance Is Crucial for Not-for-Profit Credibility?

Discover the significance of adhering to ONCA guidelines for not-for-profit organizations and why it's crucial for credibility and public trust.

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How ONCA Enhances Not-for-Profit Operations?

Explore the transformative impact of Ontario's new governance act (ONCA) on nonprofit operations, enabling enhanced decision-making, flexibility, and accountability.

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Is Your Nonprofit Affected by ONCA?

Uncover the impact of ONCA on your nonprofit organization by exploring when it applies, when it doesn't, and the essential steps to consider for articles and bylaws changes, topped with a recommendation to seek legal advice for a confident decision.

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Should you Implement Changes to Articles and Bylaws Gradually or All at Once?

Learn about Ontario's ONCA requirements for modifying articles and bylaws. Discover how gradual changes can help your organization meet the standards without feeling overwhelmed, ensuring that quality precedes speed and quantity.

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Is Your Organization a Public Benefit Corporation under ONCA?

A comprehensive guide to understanding ONCA criteria for Public Benefit Corporations, including Charitable and non-charitable distinctions, recognition timelines, and dissolution considerations.

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Who is responsible for creating ONCA amendments to my bylaws?

Discover the key individuals, including the board of directors, stakeholder committees, and legal professionals, who should lead amendments to your nonprofit's bylaws under ONCA.

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What Are the rights and responsibilities of members in a Not-For-Profit Corporation under ONCA?

Discover the essential rights and responsibilities of not-for-profit corporation members under ONCA, covering active participation, access to information, liability protection, and corporate integrity.

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What are the critical points to know when holding the Annual Members Meeting under ONCA?

"Explore critical points and compliance requirements for organizing Annual Meetings under the Ontario Not-for-Profit Corporations Act (ONCA), ensuring a smooth and legally compliant process."

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How do audits differ from review engagements under ONCA?

Delve into the intricacies of financial supervision within the Ontario Not-for-Profit Corporations Act (ONCA) framework, where we examine the differences between audits and review engagements. Gain insights into obligations, exemptions, and essential factors for ensuring financial transparency.

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What role do ONCA non-profit members play in decision-making?

"Understand the critical role of members in non-profit corporations' decision-making under the Ontario Not-for-Profit Corporations Act (ONCA).

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How does ONCA Indemnification protect directors in nonprofit corporations?

“Discover how ONCA indemnification safeguards the financial well-being of directors and officers in nonprofits, and understand its unique features compared to insurance, which contributes to strengthening the resilience of organizational leadership.”

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I'm a member in an ONCA not-for-profit. Do I need to pay the annual member's contribution or dues?

"A comprehensive guide outlining the rules and considerations for annual member contributions and dues within the Not-for-Profit Corporations Act, 2010 (ONCA) framework."

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Under ONCA, Can Not-for-Profit Corporations Waive Audit and Review Engagements?

Audit and Review Engagement Waivers for Not-for-Profit Corporations under ONCA Regulations

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Do I possess the authority as a member to remove a director following ONCA?

"Navigating Director Removal under ONCA: A Guide for Members"

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How can members of an Ontario not-for-profit ensure that the directors and officers act in the corporation's best interests under ONCA?

Ensuring Corporate Integrity: Members' Rights under the Ontario Not-for-Profit Corporations Act (ONCA)

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What is ONCA's position on members' access to a not-for-profit's financial statements?

Guide about financial statement practices for corporations and members, ensuring transparency and accountability

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Can non-profits engage in commercial activities without compromising their mission under ONCA?

Financial sustainability, mission alignment, and risk mitigation are key considerations for non-profits treading the commercial path

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Is Your Organization Ready for the ONCA Deadline?

We urge immediate action for Ontario non-profits to assess and amend their organizational documents to comply with ONCA regulations before the transition period ends on October 18, 2024.

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What happens under ONCA when a not-for-profit corporation looks to dissolve?

The article explains how not-for-profit organizations in Ontario should handle their assets when closing down under the ONCA. It talks about giving assets to charities and Public Benefit Organizations. It also says it's essential to follow the rules for distributing assets, even if the organization

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Who wins when there is a conflict between Charity Law and ONCA?

When conflicts arise between the Ontario Not-for-Profit Corporations Act (ONCA) and charity law, it is important to determine which takes precedence.

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Key Aspects and Steps You Need to Take to Ensure ONCA Compliance

Learn how to ensure that the key changes, such as audit requirements, members' rights, and board structure, and explain how to use the new Ontario Business Registry (OBR) for efficient management.

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What Are the Financial Reporting Obligations for Nonprofit Corporations Under the ONCA?

Learn about the financial reporting obligations for nonprofit corporations under the Ontario Not-for-Profit Corporations Act (ONCA), including audit requirements, review engagements, and conditions for waiving audits to ensure compliance and maintain transparency.

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What is a Public Benefit Corporation under ONCA?

Learn what defines a Public Benefit Corporation under the Ontario Not-for-Profit Corporations Act (ONCA), including its criteria, obligations, and how it differs from other corporations, to ensure compliance and uphold your organization's commitment to public or charitable purposes.

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How Should Ontario Nonprofit Corporations Adapt to the ONCA?

Explore how Ontario nonprofit corporations can effectively adapt to the Ontario Not-for-Profit Corporations Act (ONCA). Learn to review and revise membership structures, enhance voting rights, and understand the new definition of "special resolution."

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What Are the Key Requirements and Obligations for Directors and Officers Under ONCA?

Learn about the minimum number of directors, reassessing director and officer provisions, enhancing governance flexibility, leadership roles, conflict of interest guidelines, and indemnification and insurance options.

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How Should You Review Your Nonprofit Corporation's Documents to Comply With ONCA?

Learn the essential steps and key areas to focus on to align your corporation's documents with ONCA requirements.

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How Can Members Remove Directors Under ONCA?

Learn how Ontario's new ONCA rules empower nonprofit members to remove directors with a simple majority vote. Discover the implications of this change, the need to update governing documents, and steps to ensure active member participation and enhanced accountability.

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Can Members and Key Stakeholders Sue the Board on Behalf of a Nonprofit Under ONCA?

Discover how the Ontario Not-for-Profit Corporations Act (ONCA) empowers members and stakeholders to sue the Board on behalf of nonprofits through derivative actions and oppression remedies. Explore the challenges and considerations surrounding these significant changes in nonprofit law.

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How Have Voting Rights and Member Meetings Changed Under ONCA?

Discover how the Ontario Not-for-Profit Corporations Act (ONCA) impacts voting rights and member meetings for nonprofits. Learn about the new flexibility in meeting thresholds and voting methods, and how your organization can adapt its bylaws to foster greater member engagement and participation.

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How Must Nonprofits Store Corporate Records Under ONCA?

Explore the changes in voting rights and member meetings under the Ontario Not-for-Profit Corporations Act (ONCA). Learn how nonprofits can adapt their bylaws to lower the threshold for calling meetings and customize voting methods to enhance member participation and satisfaction.

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How Can Nonprofits Borrow Money Under ONCA?

Learn how the Ontario Not-for-Profit Corporations Act (ONCA) has simplified the borrowing process for nonprofits in Ontario. This article explores the new default borrowing powers, why they matter, and how they impact financial planning and governance for nonprofits, ensuring easier access to funds

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