B.C. Not-for-Profits—Transitional Deadline Coming | KPMG | CA
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B.C. Not-for-Profits—Transitional Deadline Coming

B.C. Not-for-Profits—Transitional Deadline Coming

B.C. not-for-profits must transition to a new online filing system by November 28, 2018.

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Affected non-profit corporations in the province must set up information filing accounts with B.C.'s corporate registry and complete a transition application to comply with the province's new Societies Act—if they have not done so already. This application includes re-filing constitutions and bylaws online. Not-for-profits that do not meet the deadline for completing their transition will be dissolved and may have their charitable status revoked.

Background
Not-for-profit corporations in B.C are required to complete most of their transactions and filings through an online filing system called Societies Online. This follows the enactment of new legislation (the Societies Act) governing how not-for-profit corporations are created and run in B.C., which came into effect November 28, 2016. Affected corporations incorporated before November 28, 2016 were given two years to transition to the online filing system.

Transition application
Affected not-for-profits must complete a transition application online. The application must include whether the society is a member-funded society. It must also include a copy of the non-profit's:

  • Constitution
  • Bylaws
  • Directors' information and registered office address.

Incorporated societies cannot make amendments to their purposes while transitioning. Once the not-for-profit has completed the transition, they must file their governing documents with the province's Charities Directorate.

For more information, contact your KPMG adviser.

Information is current to February 06, 2018. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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