Did you know there are over 86,000 registered charities in Canada? If you are not one of these registered charities, you may want to give it some consideration! You first need to ask what it means to become a registered charity. As stated by the Canada Revenue Agency (CRA), a registered charity is “an organization
Canadian Cancer Society – The Daffodil Campaign The Canadian Cancer Society (CCS) is proud to be a champion and voice for Canadians who care about cancer. We are committed to supporting and engaging people in communities across the country. Through our Daffodil Campaign, we raise funds to help people with cancer live their lives more
The basic activity of a condominium, collecting monthly common element fees, qualifies it as a not-for-profit organization. A corporate tax return is filed annually but no taxes are assessed. In addition, the corporation may have to file a Non-Profit Organization (NPO) Information Return. This return must be filed if combined interest and rental income exceed
We get by, with a little help from our Community Imagine this. You’re headed to a concert tonight. You’ve been looking forward to it for weeks. The vibe, the dreamy singer, the people – it’s going to be a great time! But you’ve had a long day, and your legs are a little tired. You
A fiscal year is the 12 month period that an organization uses to report its annual revenues. Many registered charities have a fiscal year-end of December 31st. However, a fiscal year-end does not have to align with the calendar year. There are many reasons why you may want to change your fiscal year-end, such