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Canada Not-for-Profit Corporations Act

Bill C-4, the Canada Not-for-Profit Corporations Act, passed its third Reading in the Senate and received Royal Assent in June 2009. The Bill should become law shortly. The Bill replaces the place the existing Canada Corporations Act that currently applies to nonprofit organizations. Organizations currently incorporated under the Canada Corporations Act have three years to apply for corporate status under the Not-For-Profit Corporations Act. There will be no fees for this process.