www.carters.ca
www.charitylaw.ca
ESSENTIAL THINGS TO KNOW ABOUT THE CNCA AND ONCA
1.Incorporation
as of Right
•Incorporation
as of right under CNCA and ONCA
•Obtain
certificate of incorporation, not letters patent
•Simpler and
faster process
•One or more
persons can be incorporators
•Replaces the letters patent system with a statutory regime
•Removes ministerial discretion to incorporate
•Corporation has
the capacity, rights, powers and privileges
of a natural person
•Eliminates
the concept of a corporation’s activities being ultra vires
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