On June 21, 2017, Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act (“Bill C-25”), passed the House of Commons and received first reading in the Senate. Bill C-25, tabled on September 28, 2016, was reviewed and amended by the Standing Committee on Industry, Science and Technology before it received third reading in the House of Commons. As indicated in “Technical Amendments to the Canada Not-for-profit Corporations Act” in our October 2016 Charity & NFP Law Update, the Bill proposes technical amendments to the Canada Not-for-profit Corporations Act (“CNCA”), including the addition of a definition of “incapable” which would no longer require court declaration, and the addition of section 277.1 of the CNCA requiring the Director to publish a notice of any decision made by the Director in respect of applications made under various sections of the CNCA. Corporations incorporated under the CNCA should monitor the status of Bill C-25 when Parliament returns from its recess in the fall.
