• First Reference
  • About us
  • Contact us
  • Blog Signup 📨

First Reference Talks

Discussions on Human Resources, Employment Law, Payroll and Internal Controls

  • Home
  • About
  • Archives
  • Resources
  • Buy Policies

wind-up

By Drache Aptowitzer LLP | 4 Minutes Read March 18, 2015

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...

Article by Drache Aptowitzer LLP / Not for Profit / Canada Revenue Agency, CRA ruling, Distributing assets on wind-up, Distributing capital gains, distribution as a gift, Income Tax Act, membership refund, nature of the pay-out, non-share capital corporation members, payment of a dividend, return of capital, shareholder benefit, tax repercussions, tax-exempt status, wind-up

By Drache Aptowitzer LLP | 3 Minutes Read December 10, 2012

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.

Article by Drache Aptowitzer LLP / Business, Not for Profit / 2014, assets, Canada Not-for-profit Corporations Act, charitable status, charities, charity and tax law, CNCA, date of assessment, federally-incorporated registered charities, fiduciary duties, individual directors to certain liabilities, Internal Controls, involuntarily-revoked charity, liabilities, liability, regulation of not-for-profits, revocation tax, tax, tax assessment, the nature of bureaucracy, When a corporation is dissolved, wind-up, winding-up of a corporation

Footer

About us

Established in 1995, First Reference is the leading publisher of up to date, practical and authoritative HR compliance and policy databases that are essential to ensure organizations meet their due diligence and duty of care requirements.

First Reference Talks

  • Home
  • About
  • Archives
  • Resources
  • Buy Policies

Main Menu

  • About First Reference
  • Resources
  • Contact us
  • 1 800 750 8175

Stay Connected

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

We welcome your comments on our blog articles. However, we do not respond to specific legal questions in this space.
We do not provide any form of legal advice or legal opinion. Please consult a lawyer in your jurisdiction or try one of our products.


Copyright © 2009 - 2023 · First Reference Inc. · All Rights Reserved
Legal and Copyright Notices · Publisher's Disclaimer · Privacy Policy · Accessibility Policy