Important Sector Notice: Public Hearings in August Bill 65, Ontario’s proposed Not-for-profit Corporations Act, has the potential to be precedent-setting legislation that will serve the sector’s future, but this is a critical point in time as the draft Act moves into Committee for review. We need to advocate for three key changes in the current draft, and ensure two features are supported and remain in the final Act.
We support:
• The new designation “public benefit corporation” (whereas the federal act refers to nonprofits as “soliciting corporations”);
• The ability of nonprofits to engage in commercial activities as long as revenues are used to forward our public benefit objectives.
The changes we want: read more »
