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2023 Changes to the Ontario Co-op Corporations Act: What You Need to Know

Date

11 February 2025

When the Co-op Corporations Act in Ontario was updated in 2023, a number of changes were made. Your co-op's by-laws need to reflect these changes. So, there’s work ahead for the board of directors, staff and members to align your own by-laws with the recently revised Act – if you haven’t already

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61% of Agency clients hold a capital reserve balance of at least $6,000 per unit. By almost doubling the amount from 2007, co-ops are nearly twice as ready to meet their future needs.

Plan for the Future