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Inside Internal Controls

News and discussion on implementing risk management

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corporation’s continuance must be approved by special resolution

Tick Tock: It’s time to continue under the Canada Not-for-Profit Corporations Act

According to data obtained from Corporations Canada, as of September 1st, only 1,663 out of approximately 25,000 corporations have made the corporate changeover to the Canada Not-for-Profit Corporations Act . Recognizing that many of these corporations are inactive, that still leaves thousands of corporations to continue by the October 17, 2014 deadline.

 

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