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.
