ONCA Simplified

In this episode we explore the purposes of the ONCA (the new legislation for nonprofits and charities incorporated in Ontario)  and what’s new, including its implications for existing corporations and the transition process. We also discuss practical tips for directors and members on navigating the new legislation, including how to prepare for the ONCA transition and file necessary documents with the Ministry. Finally, we highlight the key differences between Public Benefit Corporations (PBCs) and non-PBCs and the financial review requirements for each type of corporation.This episode is sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm serving charity and not-for-profit clients across Canada (https://www.charitylawgroup.ca/ 416-488-5888) and B.I.G. Charity Accounts Group, a firm serving Canadian charities with all their financial statements and tax filing needs.https://www.charitylawgroup.ca/416-488-5888Book a Free Consultation With A Charity Lawyerhttps://www.charityaccountingfirm.ca/289-301-8883