Tag: Recordkeeping

Important Change To Recordkeeping Requirements For Ontario Not-For-Profit Corporations That Own An Interest In Land In Ontario

Effective December 10, 2016, every newly incorporated Ontario not-for-profit corporation is required to keep a register of the land in Ontario in which it has an ownership interest. Ontario not-for-profit corporations incorporated prior to December 10, 2016 will have two years to comply with the requirement to maintain a register. The land register must identify each property over which the corporation owns an interest and must indicate the date the corporation acquired the interest and, if applicable, the date the corporation disposed of it.

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