The October 2026 ONCA Deadline: What Share Capital Social Clubs Need to Know
August 24, 2026.
Ontario social clubs that were incorporated with share capital under the Corporations Act, such as golf clubs and curling clubs, were given five years from ONCA`s proclamation on October 19, 2021 to choose a new structure. That window closes on October 19, 2026, and clubs that have not continued under a different statute by then will be automatically dissolved.

The Deadline
Under section 2.1 of the Corporations Act (Ontario), a share capital social club must pass a special resolution to continue as a corporation without share capital under the Not-for-Profit Corporations Act, 2010, as a co-operative under the Co-operative Corporations Act, or as a share capital corporation under the Business Corporations Act (Ontario), no later than October 19, 2026.
A club that takes no action is automatically dissolved the day after the deadline. A dissolved club has up to 20 years to complete the continuance, but only for that limited purpose, not to resume business as usual in the meantime.
A Simplified Process
Since December 2023, the Less Red Tape, More Common Sense Act, 2023 has allowed all shareholders entitled to vote to approve the continuance together, removing a prior requirement for separate class votes.
At LLF, we help clients navigate this continuance process as part of our governance and compliance services.
Contact Melis Kilicaslan, Lawyer, LLF Lawyers LLP for more information.

Call 705 742 1674 or visit www.LLF.ca 332 Aylmer St N, Peterborough, ON.
#LLF #businesslaw #PeterboroughLawyer #LawyerPeterborough #PTBO #BobcaygeonLawyer #LawyerBobcaygeon #LindsayLawyer #LawFirm #PeterboroughLawFirm #BobcaygeonLawFirm #LindsayLawFirm

Phil Aldrich, Partner
Phil leads LLF Lawyers’ Residential Real Estate practice, focusing on purchases, sales, and mortgage financing for single-family homes, recreational properties, condominiums, and multi-unit dwellings. In addition to residential transactions, Phil’s practice includes commercial real estate and condominium development, where he provides practical, detail-oriented advice to help clients navigate complex property and financing matters with confidence.

Known for his client-focused approach, Phil has earned recognition through multiple awards. He is also deeply involved in the community, contributing his time and expertise to several local organizations.

To reach Phil, call 705) 742-1674 ext. 225 or email paldrich@llf.ca

#LLF #realestatelawyer #financelaw #PeterboroughLawyer #LawyerPeterborough #PTBO #BobcaygeonLawyer #LawyerBobcaygeon #KawarthaLawyer #LindsayLawyer #LawFirm #PeterboroughLawFirm #BobcaygeonLawFirm #LindsayLawFirm #familylawptbo

Join our Team!
SENIOR LAW CLERK – CORPORATE, COMMERCIAL & REAL ESTATE LAW
We are seeking a senior law clerk to join our busy and growing practice, with experience in real estate, corporate, and commercial transactions.
See our website for full listing… www.llf.ca/join-us

"What Canadians Need to Know Now”; how legal developments affect real people, families, business owners, employers, and property owners.

Wills & Estates Law
WHAT is changing: Digital assets, blended families, powers of attorney, and incapacity planning have become major planning issues. Ontario`s changes confirming that marriage no longer automatically revokes a will continue to affect estate planning.

WHY it matters: Many people assume older wills are still appropriate—they often aren`t. Regular reviews can prevent costly disputes.

WHO to Contact at LLF Lawyers: Karen Sisson, Marie Hynes, Bill Lockington, Ruby Bryne.

Call 705 742 1674 or visit www.LLF.ca 332 Aylmer St N, Peterborough, ON.
#LLF #familylawPtbo #PeterboroughLawyer #employmentlaw #LawyerPeterborough #PTBO #BobcaygeonLawyer #LawyerBobcaygeon #LindsayLawyer #LawFirm #PeterboroughLawFirm #BobcaygeonLawFirm #LindsayLawFirm