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wind-up

By | 4 Minutes Read

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...

By | 3 Minutes Read

Taking matters into your own hands: dissolving before the government does it for you

Readers will know that the new Canada Not-for-Profit Corporations Act came into effect in 2011, bringing the regulation of not-for-profits into line with modern corporate legislation. This carries with it the onus to apply for continuance under the new Act by October 2014, or be dissolved.

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