Corporations Canada
Corporations Canada is instituting a program to issue Notices of Intent to Dissolve for non-profit corporations registered under the Canada Not-for-profit Corporations Act (CNCA) that have failed to file their Annual Returns for three or more consecutive years. The initiative aims to address dormant corporations and streamline the management of non-profits by providing a 120-day notice period for delinquent organizations to fulfill their filing requirements before automatic dissolution occurs.
With approximately 45,000 CNCA corporations currently registered, Corporations Canada is focused on maintaining compliance within the sector by implementing this new program, which started in summer 2023. This development marks the continuation of efforts to clear administrative backlogs and enforce proper governance among non-profit organizations in Canada.
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