Social Impact Newsletter

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November 2, 2021

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Not-for-Profit legislative update from Alberta

Kristina Roberts

Over the past year, there have been a number of significant legislative changes affecting the not-for-profit sector in Alberta. Some key updates to be aware of include: Amendments to all incorporating legislation allowing organizations to hold virtual meetings; Amendments to...

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CRA issues helpful clarification on NPO reserves

Robert B. Hayhoe

A non-charitable, non-profit organization is required by the Income Tax Act of Canada to be “operated for a purpose other than profit.”  In the past, the CRA has suggested that any accumulation of surplus by an NPO beyond its immediate...

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