Not-for-Profit Corporations in Ontario facing the prospect of ONCA coming into law in the next couple of years have 3 options at the Present:
- Wait for ONCA to come into force and then make the necessary changes. This is what most Ontario Non-Profits will do;
- Make changes now and update the governance documents. The problem with going this route is that further changes will likely be required once further details of ONCA are released and the legislation comes in force.
- Move from Ontario corporate jurisdiction to Federal corporate jurisdiction.