Starting a Nonprofit or Charitable Organization Within Canada
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Starting a Nonprofit or Charitable Organization Within Canada
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This episode explains the key differences between non-profit and charitable organizations in Canada, emphasizing that charitable organizations can issue tax receipts, unlike non-profits.
It highlights that incorporation is not required for either but is strongly recommended for legal and name protection benefits.
The discussion also outlines how a non-profit obtains charitable status by applying to the CRA and provides examples of each type of organization.
Furthermore, it details the general requirements for incorporating and the importance of a Nuans report in the process.
Finally, it notes that non-profit organizations are generally exempt from income tax.
This episode is jointly sponsored by B.I.G. Charity Law Group Professional Corporation, a Charity Law Firm exclusively serving charity and not-for-profit clients in Toronto, Ontario and across Canada with registration and governance, and B&H Charity Accounts Group, a bookkeeping firm serving Canadian charities in Ontario with all their financial and tax filing needs. Hat tip to our friends at OrgHub.ca, a new, innovative software platform that provides not-for-profits and charities across Canada with a solid foundation for incorporation and streamlined corporate governance.
B.I.G. Charity Law Group Professional Corporation
https://www.charitylawgroup.ca/
P: 416-488-5888
B&H Charity Accounts Firm
https://www.charityaccountingfirm.ca/