Bill 65, A Act to revise the law in respect of Not-for-Profit Corporations, will apply to all charities and nonprofits that are incorporated under the Province of Ontario and most Ontario organizations are provincially incorporated. This is important legislation that impacts you!
Does your nonprofit organization care about:
- Calling your organization a public benefit corporation so the public can easily know your intent is to provide for the public good?
- Limiting the liability of your volunteer Directors?
- Accessing Community Bonds with credible oversight to raise funds?
- Ensuring the threshold for annual audits is not reduced to $100,000?
- Maintaining you organization’s choice on the use of proxies?
These issues are all important amendments to Bill 65, Ontario’s proposed Not-for-Profit Corporations Act. This Act has the potential to be precedent-setting legislation that will serve the sector’s future, but this is a critical point in time as the draft Act moves into a legislative Committee for review.
The sector knows what it needs in a new legislative framework – but we must ensure the Standing Committee on Social Policy, who is reviewing the Act, hears us loud and clear.
The Ontario Nonprofit Network (ONN) has had our Expert Committee hard at work. Attached is the brief they have prepared which ONN has submitted to the Clerk of the Standing Committee on Social Policy. Please read it over and consider how Bill 65 will impact your organization.
PLEASE consider writing a letter identifying the issues you are concerned about or even to just say you support the work of ONN and agree with the contents of our brief. It is very important they know the sector cares.
Deadline: The Standing Committee is accepting written submissions regarding Bill 65 until Thursday, August 26th at 5pm. (see contact information below)
Questions? ONN and the Canadian Economic Development Network (CCEDNet) will co-sponsor a teleconference session on Wednesday, August 18th at 10am to address your questions and concerns on Bill 65 and the written submission process. Please register for this event.
How to Submit a Written Submission:
1. E-mail your submission to:
Katch Koch, Committee Clerk (firstname.lastname@example.org)
*The Clerk advises that while an e-copy is generally acceptable, they have in the past run into computer/network glitches where an e-mail does not reach the Committee by the deadline. Unfortunately this is the sender’s responsibility to ensure. If you send an e-copy, follow-up to ensure it was received.
2. Mail your submission to:
Katch Koch, Committee Clerk
Room 1405, Whitney Block
Queen’s Park, Toronto ON
Telephone: (416) 325-3526
Facsimile: (416) 325-3505
TTY: (416) 325-3538
Upcoming Public Hearing: The Standing Committee on Social Policy will hold one public hearing for input on the current draft Act on Monday, August 23rd in Toronto from 10am. ONN has recruited a number of organizations from around the province to give 10 minute oral presentations (in person or by video conference).
Thank you for your support,
Ontario Nonprofit Network
For more information and updates, visit our website.