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Inside Internal Controls

News and discussion on implementing risk management

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Forming your start-up: Options for business entities in Canada

There are a variety of business organizations that can be used to operate your tech start-up in Canada. Although many businesses are operated through a corporation, it is important to understand other forms of business organizations.

 

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Separate but together: A property tax lesson

Next to the ability to issue charitable donation tax receipts a break in property taxes is likely the next most popular reason for seeking registered status. Of course, the considerations on this issue vary from province to province as the exemption from property tax is a matter of provincial jurisdiction. But the commonalities both of charity operations and of the various property tax regimes make decisions relating to the property tax of a charity in one province germane to those operating in another.

 

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Online services for federal not-for-profit corporations

Corporations Canada has introduced a number of new online services for federal corporations, including those incorporated under the Canada Not-for-profit Corporations Act. Not-for-profit organizations may…

 

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Ontario Not-for-profit Corporations Act delayed

I’ve lost count of the coming-into-force dates the government has set for the Ontario Not-for-profit Corporations Act to take effect, but this time at least it seems there’s a clear reason. The previous estimate for the law to come into force was July of this year; the new estimated date is “no earlier than” January 2014.

 

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Why every charity should consider incorporation

Before a group can be registered as a charity, there has to actually be some legal thing to register. This means that every charity faces the choice of which legal structure to use. A charity can be constituted as a trust, an unincorporated association, or a corporation.

 

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Government plans to implement Ontario Not-for-profit Corporations Act July 2013

Ontario plans to implement its Not-for-profit Corporations Act (ONCA) in July of this year. In the unlikely event that you haven’t been paying attention, the ONCA will replace the Ontario Corporations Act for not-for-profit organizations that are incorporated in the province (as opposed to federally). Broadly, the changes will…

 

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Canada’s Not-for-profit Corporations Act is finally here

The federal government has passed the Canada Not-for-profit Corporations Act. While the Act won’t come into force for some time yet, what does it mean for you?

 

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Ontario introduces not-for-profit corporations act

In late May, Ontario Bill 65, the not-for-profit corporations act, received second reading in the provincial legislature. This is the culmination of several years of consultation with the not-for-profit sector.

 

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