There will be a two-year notice period before the ONCA will come into force, as well as a three-year transition period for organizations to transition. As such, not-for-profit corporations incorporated under Ontario legislation should be advised that they will likely need to be fully transitioned by 2023.

In order to transition, organizations will need to review and amend their corporate governance documents to bring them into compliance with the ONCA and its regulations. Organizations may wish to take this opportunity to speak with their lawyer regarding whether it would be appropriate to transition federally under the Canada Not-for-Profit Corporations Act (“CNCA”) is appropriate. Organizations should not hastily start transitioning, as no specific date has been identified as to when the ONCA will come into force.

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