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Inside Internal Controls

News and discussion on implementing risk management

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tax-exempt status

What can a non-profit organization pay out to its members?

A recent CRA ruling conveniently breaks down some of the rules about how a non-profit organization (NPO) may distribute its assets, including during wind-up, without risking its tax-exempt status…

 

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Charities, not-for-profits and the Income Tax Act: recent developments

I recently read a couple of articles dealing with the relationship between not-for-profit organizations and the Canada Revenue Agency, particularly with respect to fraudulent charitable tax receipts and what non-profits can do about accidental profits.

 

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