Carters update indicates that after 10 months, Ontario Bill 85, Companies Statute Law Amendment Act, 2014 (ONCA) which received First Reading on June 5, 2013, was finally debated at Second Reading on April 10, 2014. Bill 85 contains key amendments to the Ontario Not-for-Profit Corporations Act (“ONCA”) that must be passed before the ONCA can be proclaimed. The debate was deemed to be adjourned on April 10, 2014, and was scheduled to continue at Second Reading on April 28, 2014, but has since been delayed. As it is not known how quickly Bill 85 will proceed through the Legislature, it is possible that proclamation of the ONCA may not happen before the first half of 2015. The not-for-profit sector in Ontario will have to wait until an official announcement is made by the Ministry to gain greater insight.
The presentations made at the Carters charity and not-for-profit law seminar in Ottawa on February 13, 2014 are now available. About 300 professionals attended the seminar. Designed to assist charities and not-for-profit organizations in understanding and complying with recent developments in the law, the related Church & Charity Law seminar has been held annually in Toronto since 1994, with the Ottawa seminar first added in 2008,