Corporations Canada has issued the following notice pertaining to the requirement for federal not-for-profit corporations to transition under the applicable legislation.
"Notice – July 31, 2017: Last chance for not-for-profits to transition
All corporations created under the Canada Corporations Act, Part II need to have completed their transition to the Canada Not-for-profit Corporations Act and received their certificate of continuance by July 31, 2017.
If the transition is not completed by that date, the corporation – including registered charities – will be dissolved. This means that the corporation will no longer exist as a legal entity. In the case of registered charities, dissolution could lead to the revocation of their registration as a charity. See Operating a registered charity for more information.
If you have already filed a transition request but have not received your certificate of continuance from Corporations Canada, this means that you have not completed the transition.
There is still an opportunity to transition and keep your corporation active. To find out more, read our Transition Guide or contact us at 1-866-333-5556."
If you require assistance in completing a transition of a federal not-for-profit corporation, please let us know by contacting one of the lawyers in our Charities & Not-for-Profits Group.