Posts by Iler Campbell LLP

ONCA Compliance & Document Review

September 19th, 2023 by Iler Campbell LLP

The Not-for-Profit Corporations Act, 2010 S.C.2020,c.15  (ONCA) took effect on October 19, 2021. All provincially incorporated non‑share corporations, not including co-operatives or insurance companies under the Corporations Act (Ontario), have until October 18, 2024, to ensure their governing documents, including their letters patent  and bylaws, comply with ONCA. The requirement applies equally to non‑share corporations created by special acts of the Ontario legislature. Continue reading “ONCA Compliance & Document Review”

Neighbourhood Land Trust and Circle Community LandTrust

February 15th, 2023 by Iler Campbell LLP

Iler Campbell LLP is proud to have supported the transfer of 756 units from Toronto Community Housing Corporation to the Neighbourhood Land Trust (NLT) and Circle Community LandTrust (CCLT). This large-scale transaction, which included corporate, real estate, municipal, and financing components, is part of the City of Toronto’s “Tenant’s First” program which is focused on improving access to services and housing for tenants.

NLT and CCLT are focused on ensuring they are successful in maintaining custody of these homes and ensuring perpetual affordability. Their work, however, has just started.

We continue to support NLT and CCLT as they embark on their ambitious repair programs supported by the Canada Mortgage and Housing Corporation. The land trusts are leveraging their repair program plans to generate even more community benefits, including supporting local trades and social enterprises. Notably, NLT is committed to increasing employment and training opportunities for community members and those who experience barriers to employment in the construction industry. We also continue to assist the land trusts with the implementation of their social housing programs, tenancy matters, governance, and more.

Read more about the transaction, and those behind it, in this blog post by Heather Tremain, the Chair of the CCLT board of directors and CEO of Options for Homes.

Congratulations to Celia!

February 1st, 2023 by Iler Campbell LLP

Iler Campbell LLP congratulates Celia on her appointment as deputy executive director of CHFT. Celia’s long-standing commitment to the co-operative housing sector make her an excellent choice for this role! We are so pleased that Celia will be continuing her work in housing and look forward to continuing our relationship with her in this new capacity.

Community Bonds and the Ontario Not for Profit Corporations Act:

November 29th, 2022 by Iler Campbell LLP

Not‑for‑profits across the sector increasingly rely on financing their projects through community bonds. Community bonds are social finance tools like traditional bonds. Community bonds generally have a fixed interest rate and a fixed maturity date. Continue reading “Community Bonds and the Ontario Not for Profit Corporations Act:”

Firm News: Partnership Expansion and Office Move

September 6th, 2022 by Iler Campbell LLP

Dear Clients:

We wanted to let you know of two exciting developments here at Iler Campbell LLP.

On the staffing side, our partnership has expanded to include Michael Hackl and Safia Lakhani. Michael has been a member of the firm’s litigation team since 2016, advising our clients on labour and employment matters as well as construction projects and commercial ventures. Safia has worked on housing, employment, and other litigation matters since she joined the firm in 2014. Both Michael and Safia are excited to continue working with you to address your specific litigation needs. Continue reading “Firm News: Partnership Expansion and Office Move”

Staffing announcement at Iler Campbell

June 14th, 2022 by Iler Campbell LLP

We’re pleased to announce that earlier this year, we hired Fatema Jivaji, a lawyer who shares our strong interest in land trust work.  Fatema hit the ground running working on a couple of big land trust acquisitions.  (Stay tuned to the blog to hear more details about that!) With experience gained in big and mid-sized firms and working as a lawyer directly for a private equity firm that capitalizes development projects, we’re confident Fatema will have lots to offer our developer and prospective-developer clients working in the non-profit sector. She looks forward, too, to gaining a broader understanding of the range of work we do for our non-profit, co-op, and charitable clients.   You can read more about Fatema here.

In other news, our 2021-2022 articling student, Maggie Fleming, will be called to the bar this month.  We’re delighted she’s agreed to stay with us for a few months to get us through some big ongoing projects.   Make sure to congratulate Maggie if you’re working with her. Becoming a lawyer is a long haul and one that deserves celebrating!