Health Profession Corporations
Corporation Regulation Update
Regulation amendments to simplify the requirements for the issuance of and the annual renewal of Certificates of Authorization for health profession corporations were recently passed by government.
These amendments change the Application and Annual Renewal Process for a Certificate of Authorization by simplifying the process as follows:
- The requirement for a Statutory Declaration sworn in the presence of a lawyer, notary public or commissioner of oaths had been removed. A simple declaration signed by a Director (must be a dentist and member of the College) of the corporation will suffice.
- The requirement for certified copies of the certificate of incorporation or other certificates issued under the Ontario Business Corporation Act has been removed. Ordinary printed copies will suffice.
- The requirement for a current-dated Certificate of Status of incorporation has now been replaced with the less expensive uncertified Corporate Profile Report.
- Names of non-voting, non-member shareholders are no longer required. In other words, the names of family members who own non-voting shares are not required.
Amendments to Ontario Regulation 39/02 (Certificates of Authorization) made under the Regulated Health Professions Act, 1991 and Ontario Regulation 665/05 (Health Profession Corporations) made under the Business Corporations Act (Ontario) were filed on December 12, 2014.