Not-For-Profit Incorporator's Handbook
Excerpt from the Not-For-Profits Incorportor's Handbook. Click Here for the complete handbook prepared jointly by the Ministry of Government and Consumer Services, ServiceOntario and the Office of the Public Guardian and Trustee for Ontario, Charitable Property Program of the Ministry of the Attorney General.
PART 1 – GENERAL INFORMATION
The purpose of this handbook is to provide general information on the nature of a not-for-profit corporation and guidelines on how to incorporate such a corporation. This handbook also provides basic information on incorporating charitable corporations, which are a special type of not-for-profit corporation.
Not-for-profit corporations incorporated in Ontario are governed by the Corporations Act and the Regulations made under it. Incorporation of not-for-profit corporations under the Act is at the discretion of the Minister (or his delegate). This is in contrast to ‘incorporation as of right’ for business corporations incorporating under the Business Corporations Act. Certain pertinent sections to the Act and the Regulations are included in this handbook. The reader is, however, referred to the Corporations Act and the Regulations to examine those sections not set out here. .......