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Inside Internal Controls

News and discussion on implementing risk management

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public interest

B.C. considers benefit corporations

British Columbia may become the first province in Canada to pass legislation that provides for the creation of “benefit corporations.” Benefit corporations are different from the typical for-profit business corporation in that they must be mandated to conduct business for the purpose of creating a general public benefit. It will be interesting to see where the benefit company model will go in B.C. The benefit company is somewhat similar to the existing B.C. C3, which is a hybrid corporate structure featuring both for-profit and a non-profit components.

 

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What others say may be held against you

The Canada Revenue Agency (CRA) recently issued an Advisory on Partisan Political Activities (the Advisory). It warned charities that the prohibition against partisan political statements also extended to Internet links to third-party statements and to user comments posted on charities’ websites, blogs or other social media.

 

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