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Public Guardian and Trustee

By Drache Aptowitzer LLP | 3 Minutes Read October 16, 2017

Small change large consequences: Ontario’s regulatory change to the payment of directors

Directors simply cannot benefit from the property of a charity whether registered or not, either directly or indirectly. This article explains why and details recent amendments to Ontario's rules to allow charities to pay directors for goods and services rendered.

Article by Drache Aptowitzer LLP / Business, Not for Profit / Adam Aptowitzer, benefit from the property of a charity, board of directors, Canada Revenue Agency CRA, Charities Accounting Act, conflict of interest, consent, court approval for director payment, Director and Trustee restrictions, directors, Drache Aptowitzer LLP, goods and services rendered, Income Tax Act, ontario, payment of directors, Public Guardian and Trustee, Registered charities

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