Show the members the figures

The law’s own words

“public benefit corporation” means, (a) a charitable corporation, or (b) a non-charitable corporation that receives more than $10,000 or other prescribed amount in a financial year, (i) in the form of donations or gifts from persons who are not members, directors, officers or employees of the corporation, or (ii) in the form of grants or similar financial assistance from the federal government or a provincial or municipal government or an agency of any such government”

Ontario Not-for-Profit Corporations Act, s. 1(1) · Read it at Ontario · Verified 2026-11-08

“The directors shall approve annual financial statements of the corporation that relate to the period that began immediately after the end of the last completed financial year and ended not more than six months before the annual meeting …”

Ontario Not-for-Profit Corporations Act, s. 83(1) · Read it at Ontario · Verified 2026-11-08

“The directors of a corporation shall place before the members at every annual meeting, (a) the financial statements approved by the directors under subsection 83 (1); (b) the report of the auditor or of the person who conducted a review engagement, as the case may be; and (c) any further information respecting the financial position of the corporation and the results of its operations required by the articles or the by-laws.”

Ontario Not-for-Profit Corporations Act, s. 84(1) · Read it at Ontario · Verified 2026-11-08

“Not less than 21 days, or a prescribed number of days, before each annual meeting of the members or before the signing of a resolution under section 59 in lieu of the annual meeting, a corporation shall give a copy of the documents referred to in subsection (1) to all members who have informed the corporation that they wish to receive a copy of those documents.”

Ontario Not-for-Profit Corporations Act, s. 84(2) · Read it at Ontario · Verified 2026-11-08

“Members of a public benefit corporation may pass an extraordinary resolution, (a) to have a review engagement instead of an audit in respect of the corporation’s financial year if the corporation had annual revenue in that financial year of more than $100,000 or such other prescribed amount and less than $500,000 or such other prescribed amount”

Ontario Not-for-Profit Corporations Act, s. 76(1)(a) · Read it at Ontario · Verified 2026-11-08

“Members of a public benefit corporation may pass an extraordinary resolution, … (b) to not appoint an auditor and to not have an audit or a review engagement in respect of the corporation’s financial year if the corporation had annual revenue in that financial year of $100,000 or less or such other prescribed amount.”

Ontario Not-for-Profit Corporations Act, s. 76(1)(b) · Read it at Ontario · Verified 2026-11-08

“Members of a corporation other than a public benefit corporation may pass an extraordinary resolution, (a) to have a review engagement instead of an audit in respect of the corporation’s financial year if the corporation had annual revenue in that financial year of more than $500,000 or such other prescribed amount”

Ontario Not-for-Profit Corporations Act, s. 76(2)(a) · Read it at Ontario · Verified 2026-11-08

“Members of a corporation other than a public benefit corporation may pass an extraordinary resolution, … (b) to not appoint an auditor and to not have an audit or a review engagement in respect of the corporation’s financial year if the corporation had annual revenue in that financial year of $500,000 or less or such other prescribed amount.”

Ontario Not-for-Profit Corporations Act, s. 76(2)(b) · Read it at Ontario · Verified 2026-11-08

“An extraordinary resolution passed under this section is valid until the next annual meeting of the members.”

Ontario Not-for-Profit Corporations Act, s. 76(3) · Read it at Ontario · Verified 2026-11-08

“extraordinary resolution” means a resolution that is, (a) submitted to a special meeting of the members of a corporation duly called for the purpose of considering the resolution and passed at the meeting, with or without amendment, by at least 80 per cent of the votes cast, or (b) consented to by each member of the corporation entitled to vote at a meeting of the members or the member’s attorney.”

Ontario Not-for-Profit Corporations Act, s. 76(4) · Read it at Ontario · Verified 2026-11-08

Ontario Not-for-Profit Corporations Act, sections 52, 55 and 96

“The directors of a corporation shall call an annual meeting of the members of the corporation, (a) within 18 months after the corporation comes into existence; and (b) subsequently, not later than 15 months after holding the preceding annual meeting.” “The corporation shall give notice of the time and place of a meeting of the members in accordance with the by-laws, but in any event not less than 10 days and not more than 50 days before the meeting, to, (a) each member entitled to receive notice of the meeting; (b) each director; and (c) the auditor of the corporation or the person appointed to conduct a review engagement of the corporation.” “A member or a member’s attorney or legal representative who wishes to examine the register of members of a corporation shall first make a request to the corporation or its agent accompanied by a statutory declaration described in subsection (3).” “Any person described in subsection (1), on payment of a reasonable fee and on giving a corporation or its agent the statutory declaration described in subsection (3), may on application require the corporation or its agent to give the person a current list of members setting out the names and addresses of each member and such additional information as is required by the by-laws as soon as is practical.” “A member or a member’s attorney or legal representative who obtains a list of members or information from a register of members under this section shall not use the list or information except in connection with, (a) an effort to influence the voting of members; (b) requisitioning a meeting of the members; or (c) another matter relating to the affairs of the corporation.”

Source: Ontario Not-for-Profit Corporations Act, ss. 52(1), 55(1), 96(1), 96(2), 96(5) · Checked 2026-11-10