Ontario is taking action to make it easier for not-for-profit corporations to operate and do business in today’s marketplace while strengthening the economy and creating jobs.

Ontario’s not-for-profit sector employs about 16 per cent of all employed Ontarians and generates nearly $50 billion in annual revenues. The province’s proposed Not-for-Profit Corporations Act would, if passed, provide Ontario’s 46,000 not-for-profit corporations with a modern, legal framework to:

• enhance corporate governance and accountability
• simplify the incorporation process
• give more rights to members
• better protect directors and officers from personal liability.

The proposed changes are based on extensive consultations across the province. This includes three consultation papers, a web advisory panel and regional workshops in Ottawa, London, Toronto and Thunder Bay attended by more than 200 organizations.

Supporting Ontario’s non-profit organizations is an important part of the government’s Open Ontario plan to grow key sectors of the economy and create a climate where business can thrive.