I belong to a charity that was supposed to file documents recently but did not do so. What can happen?
Registered charities and registered Canadian amateur athletic associations that were incorporated under Part II of the Canada Corporations Act had until October 17, 2014 to apply for a certificate of continuance under the new Canada Not-for-profit Corporations Act. After that date if they had not continued, if they have not already, they will be receiving a notice of pending dissolution from Corporations Canada to dissolve the corporation. Once the corporate status is dissolved, the organization will cease to exist as a legal entity. Canada Revenue Agency will then take steps to revoke its registration under the Income Tax Act. Transition can still be completed if a pending dissolution notice has been received up until the time the corporation is dissolved. If you are involved with a charity that failed to meet this deadline, call us to ensure that the organization survives