Notice - On January 1, 2020 a new Cooperatives Act came into effect.

The modernized Cooperatives Act gives cooperatives more independence and will reduce administrative red tape. It gives cooperatives the ability to issue several classes of shares and integrate technology into their processes. The special needs of housing and worker cooperatives have been incorporated. Provisions also exist to help improve governance... 

Existing cooperatives will have 18 months after the new Act comes into force to file with the Director of cooperatives:

  • articles of amendment
  • notice of registered office and notice of directors
  • have their by-laws updated to meet the new criteria outlined in the legislation
  • have said by-laws adopted and approved by extraordinary resolution of the members

 

A cooperative is an organization incorporated by three or more persons, or by one or more cooperatives united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise. A cooperative is organized and operated, and carries on business on a cooperative basis. To search for a Cooperative, use the Cooperative Search resource.

 


Regulatory Intruments

COOP-001 General
COOP-002 Fees



Notices

Notice of Rule
Notice of Adoption - COOP-001 General and COOP-002 Fees



Downloadable Resources

What you should know about the new Act
The New Cooperatives Act - Questions and Answers



Related Areas

Industry Resources and Publications

By-law Builder




External Resources

Cooperative Search




 

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