May 19, 2010
A Victory for Nonprofits of Ontario
In my email;
TORONTO – May 18, 2010
On May 13th, 2010 the Hon. Sophia Aggelonitis, Minister of Consumer services introduced Bill 65, the Not-for-Profit Corporations Act, 2010 to the Ontario Legislature for its First Reading.
The new act, once passed, promises to modernize legislation governing not-for-profit organizations. We are particularly pleased that it allows not-for-profit corporations to engage in commercial activities where the revenues earned are reinvested in the corporation’s not-for-profit purposes. Bill 65 promises to make it easier for not-for-profit corporations to successfully operate and do business in today’s economy.
Bill 65 is the culmination of extensive work and consultations that have taken place between the government and nonprofit organizations across Ontario since 2008. The input into this legislation laid the foundation for the creation of the Ontario Nonprofit Network and the strengthening of the relationship with government. The “Partnership Project” led by the Ministry of Citizenship and Immigration and the Ontario Trillium Foundation will further strengthen the ability of the sector to work together with the government.
Bill 65 is a landmark piece of legislation. To ensure its success the Ontario Nonprofit Network is reconvening the Expert Reference Group that originally briefed the sector on this legislation. This group and others will be coming together again to do a detailed review of the legislation and will provide briefings to the sector and participate in the legislative committee hearings as Bill 65 moves its way through the legislative process.
On May 17, 2010 Bill 65 moved to Second Reading in the House of Commons for debate among the political parties.
JOIN OUR EXPERT REFERENCE GROUP
If you would like to be involved with the Expert Reference Group please contact Janice Wiggins at: email@example.com.
For a summary of Bill 65: http://www.sse.gov.on.ca/mcs/en/Pages/News_12May2010.aspx
For the full text of Bill 65 please visit: http://www.ontla.on.ca/bills/billsfiles/39_Parliament/Session2/b065.pdf
To view the commentary and debate at the second 2nd Reading of Bill 65 visit:
Constance Exley, Director
Ontario Nonprofit Network