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You are here: Home / Archives for “wind up”

The Law of Unintended Consequences

November 11, 2015

By Adam Aptowitzer We have written recently about the proposed rules for donating the proceeds from the sale of real estate and private shares (click here to read it). While this provision is the response to much sensible lobbying by some parties in the sector it does not come without side effects. In particular, there […]

Filed Under: Articles, Charities - Article Archive Tagged With: "wind up", Adam Aptowitzer, ecogift, offset tax owing, proceeds from the sale of real estate

What Can a Non-Profit Organization Pay Out to its Members?

February 9, 2015

By Alexandra Tzannidakis A recent CRA ruling conveniently breaks down some of the rules about how a non-profit organization (NPO) may distribute its assets on dissolution. In this discussion, an NPO is specifically the kind of tax-exempt entity defined in paragraph 149(1)(l) of the Income Tax Act: one that is not a ‘charity’, but is […]

Filed Under: Articles, Charities - Article Archive Tagged With: "wind up", Alexandra Tzannidakis, corporate, not-for-profit organizations, tax

Community Foundations as a Wind-Up Destination

May 4, 2014

By: Arthur B. C Drache C.M., Q.C. When the Income Tax Act was re-written back in 1976 to create a whole new regime for charities (what is now embodied in section 149.1) one of the most far-reaching changes was the requirement for all charities to file public information returns, though by today’s standards the forms […]

Filed Under: Charities - Article Archive Tagged With: "community foundations", "wind up", Arthur B.C. Drache CM QC, charities, dissolution

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