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NEW SOCIETIES ACT NOW IN FORCE

Posted on Monday, Nov 28, 2016

The long-awaited new BC Societies Act is now in force.

As of November 28, 2016, the provisions of the new Act, with some exceptions, apply to all British Columbia societies. The new Act substantially updates and improves the governance framework for non-profit organizations in BC.

Societies can transition to the new Act through Societies Online, the new electronic filing system from BC Registries and Online Services. In order to use Societies Online, societies will need to “onboard” or register. Societies should have received an onboarding letter in the mail, which provides a unique Registry Key. Onboarding requires a society to:

  • create a BCeID, which allows access to online government services including Societies Online;
  • go to www.gov.bc.ca/societiesonline;
  • login with its BCeID; and
  • enter the society’s incorporation number and Registry Key.

Once the onboarding is completed, a society can file its Transition Application and other corporate filings through Societies Online. Our office received the onboarding letters for our corporate clients, and will attend to the onboarding process for them.

Societies will have two years to transition to the New Act through Societies Online. Societies that do not transition by November 28, 2018, may be dissolved.

The New Act applies to a society whether or not it has transitioned, and overrules existing bylaws that are inconsistent with the new Act. New requirements that apply immediately include the obligation for society’s financial statements to set out remuneration paid to employees and contractors (greater than $75,000) and to directors.

Information on the New Act, including Frequently Asked Questions, can be found here.

For more information on the New Act or assistance in transitioning to the New Act, contact Ken Volkenant, Luke Johnson or Aaron Oh at De Jager Volkenant & Company.

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