The Canada Revenue Agency recently issued a revised version of its statement of differences between a charity and a nonprofit organization.  Since all charities are nonprofits, but not all nonprofits are charities, the public can easily become confused by the differences.  The statement covers the following areas:

  • Purposes
  • Registration
  • Charitable registration number
  • Tax receipts
  • Spending requirement (disbursement quota)
  • Designation
  • Returns
  • Personal benefits to members
  • Tax exempt status
Posted in Community at August 6th, 2009. No Comments.